When we produce a good by exploiting natural resources, it is an activ...
When the economic activity depends mainly on exploitation of natural resources then that activity comes under the primary sector. Agriculture and its related activities are the primary sectors of economy. PRIMARY SECTOR is the economic sector that produce goods by exploiting the natural resources because it forms the base for all the products that are associated directly with land and water. Production of wheat, vegetables, milk , marble and coal are some examples of this sector.
When we produce a good by exploiting natural resources, it is an activ...
Explanation:
The primary sector involves the extraction and production of raw materials, such as minerals, oil, and agricultural products, from natural resources. It is the first stage in the production process and includes activities such as farming, fishing, mining, and forestry. The primary sector is also known as the extractive sector because it involves the extraction of natural resources from the earth.
Examples of Primary Sector Activities:
1. Agriculture: The cultivation of crops and the raising of livestock.
2. Fishing: The catching of fish and other seafood from oceans, lakes, and rivers.
3. Mining: The extraction of minerals and other valuable resources from the earth.
4. Forestry: The harvesting of timber and other forest products.
Importance of Primary Sector:
The primary sector is essential to the economy because it provides the raw materials needed for the production of goods and services in the secondary and tertiary sectors. Without the primary sector, the other sectors would not exist. The primary sector also provides employment opportunities for millions of people around the world.
Conclusion:
Therefore, the production of a good by exploiting natural resources is an activity of the primary sector. It is the first stage in the production process and involves the extraction of raw materials from natural resources. The primary sector is essential to the economy because it provides the raw materials needed for the production of goods and services in the secondary and tertiary sectors.