ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is a primary industry?
A
Employ people to make things.
B
Employ people to collect or produce natural resources
C
provide a service for people
D
Research and technology
Explanation: 

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. The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries.

Detailed explanation-2: -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.

Detailed explanation-3: -Primary industry This sector of a nation’s economy includes agriculture, forestry, fishing, mining, quarrying, and the extraction of minerals.

Detailed explanation-4: -When the activities are based directly on the natural resources, it is known as primary sector. An example of primary sector is agriculture.

Detailed explanation-5: -The primary sector includes all those activities the end purpose of which consists in exploiting natural resources: agriculture, fishing, forestry, mining, deposits.

There is 1 question to complete.