Primary Sector (Raw Materials)
Primary Sector (Raw Materials)
What is Primary Sector (Raw Materials)
Raw materials sector known as primary sector or primary production. It includes all branches of human activity that transform natural resources into basic products.
Raw materials sector also known as the primary sector sometimes refers to primary production. It includes all branches of human activity that transform natural resources into basic products (raw materials and products). These are the products of agriculture, crop production, animal husbandry, fisheries, forestry and mining.
Service sector (tertiary sector)
Primary sector represents a large share of the economies of developing countries.
Basic classification of the primary sector as follows:
Agriculture (crop and animal husbandry)
Forestry and logging
Hunting and fishing
Mining and extraction of raw materials
For more detailed breakdown of the primary sector into individual branches and into individual economic activities, there are used different classifications of human activities.
For more detailed breakdown of the primary sector into individual branches and into individual economic activities, there are used different classifications of human activities.
Related terms and methods:
Market Sectors
Primary Sector (Raw Materials)
Comments
Post a Comment