BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Primary
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Secondary
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Teritiary
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Quaternary
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Detailed explanation-1: -The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, fishing, forestry and mining.
Detailed explanation-2: -Primary activities include hunting and gathering, pastoral activities, fishing, forestry, agriculture, and mining and quarrying. People involved in primary activities are called red-collar workers due to the outdoor nature of their work. Gathering and hunting are the oldest economic activities known.
Detailed explanation-3: -Common examples of primary economic activities include agricultural and animal products, forestry and logging, mining, oil, and gas extraction.
Detailed explanation-4: -The primary sector includes all those activities the end purpose of which consists in exploiting natural resources: agriculture, fishing, forestry, mining, deposits.
Detailed explanation-5: -Agriculture, forestry and fishing are classified as primary activities.