BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the extraction and production of raw materials
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production of pharmaceuticals or car manufacturing
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services of lawyers and architects
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educational services, e.g. private universities
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Detailed explanation-1: -The correct answer is Mining. The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, hunting, fishing, and mining. When we produce a good by exploiting natural resources, it is an activity of the primary sector.
Detailed explanation-2: -The primary sector includes all those activities the end purpose of which consists in exploiting natural resources: agriculture, fishing, forestry, mining, deposits.
Detailed explanation-3: -(1) Mining, quarrying and logging industry refers to the industry that extracts natural resources, including extraction of petroleum, coal, metal and non-metal ores. (2) Raw materials industry refers to the industry that provides various sectors of the national economy with raw materials, fuels and power.
Detailed explanation-4: -Natural resources are used directly in the primary sector of the economy. Oil and gas extraction, as well as agriculture, are included in this.
Detailed explanation-5: -Related information. Primary industries are those that harvest or extract raw material from nature, such as agriculture, oil and gas extraction, logging and forestry, mining, fishing, and trapping.