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Differentiate extractive and genetic industries with example?
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Differentiate extractive and genetic industries with example?
Extractive industries are concerned with drawing out products from natural sources
such as soil, sea and air. The products of such industries are generally used for producing finished goods.
Following are some of the examples of extractive industries
(i) Farming (ii) Mining (iii) Fishing

Whereas genetic industries are concerned with activities like reproduction, breeding and multiplication of animals and plants.
Following are the examples of genetic industries
(i) Agricultural activities for the production of crops 
(ii)Animal husbandry
(iii) Dairy farming
(iv) Poultry farming
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Differentiate extractive and genetic industries with example?
Distinguish between extractive industries and genetic industries by giving examples. such as soil, sea and air. The products of such industriesare generally used for producing finished goods. Whereas genetic industries are concerned with activities like reproduction, breeding and multiplication of animals and plants.
Community Answer
Differentiate extractive and genetic industries with example?
Extractive Industries:
Extractive industries refer to the sector of the economy that is involved in the extraction of natural resources from the earth. These industries primarily focus on extracting and processing raw materials such as minerals, oil, gas, and timber. The extracted resources are then used for various purposes, including manufacturing, construction, energy production, and other industrial activities. Extractive industries are essential for economic development and provide the necessary raw materials for various industries.

Examples of Extractive Industries:
1. Mining: The mining industry involves the extraction of minerals and ores from the earth's crust. This includes the extraction of valuable metals like gold, silver, copper, iron, and coal. These minerals are then refined and processed for further use in industries such as construction, electronics, and manufacturing.
2. Oil and Gas: The oil and gas industry involves the extraction of crude oil and natural gas from underground reserves. These resources are then processed, refined, and used as fuel for transportation, electricity generation, and various other industrial applications.
3. Forestry: The forestry industry involves the extraction of timber and other forest products. Trees are harvested for their wood, which is used in construction, furniture manufacturing, paper production, and other related industries.

Genetic Industries:
On the other hand, genetic industries are primarily concerned with the manipulation and utilization of genetic material, such as genes, DNA, and other biological components. These industries focus on genetic engineering, biotechnology, and other scientific advancements to create new products and technologies.

Examples of Genetic Industries:
1. Biotechnology: The biotechnology industry utilizes genetic engineering techniques to develop new products and processes. This includes the production of genetically modified organisms (GMOs), pharmaceuticals, biofuels, and medical diagnostics.
2. Agriculture: Genetic industries play a significant role in agriculture through the development of genetically modified crops that exhibit desirable traits such as resistance to pests, diseases, and environmental conditions. These crops can increase yields and improve agricultural practices.
3. Healthcare: Genetic industries contribute to the medical field through genetic testing, gene therapy, and the development of personalized medicine. Genetic testing helps diagnose and treat genetic diseases, while gene therapy involves the modification of an individual's genetic material to treat or prevent certain conditions.

In summary, extractive industries focus on the extraction and processing of natural resources, while genetic industries involve the manipulation and utilization of genetic material for various applications. Both these industries play crucial roles in economic development and technological advancements.
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Differentiate extractive and genetic industries with example?
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