Definition of Primary Sector?


The term primary sector is normally used in the financial terms to refer to the sector of an economy making direct use of natural resources. It includes the agriculture, forestry and fishing, mining, and extraction of oil and gas sectors.
1 Additional Answer
The primary sector refers to the industries engaged in production or extraction of natural materials such as crops, oil, and ores. Major businesses in this sector comprise of agriculture, agribusiness, fishing, forestry and all mining and quarrying industries. The manufacturing industries which aggregate, pack, package, purify or process the raw materials close to the primary producers are normally considered part of this sector, especially if the raw material is unsuitable for sale or difficult to transport long distances.
Q&A Related to "Definition of Primary Sector?"
The primary sector of the economy can be classified as the "extractive" industry. These include the industries that produce or extract raw materials. Farmers are an example
The reason why the primary sector is in decline is because the secondary sector and teritary sector espically is worth more money, everything nowadays is about minimizing to maximising
The primary sector of the economy is the natural resource sector, or the
Usually agriculture or the harvesting of raw materials.
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