ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Since most of the natural products we consume come from agriculture, dairy, forestry and fishing, another term for the primary sector is agriculture and allied sector.

Detailed explanation-2: -When we produce a good by exploiting natural resources, it is an activity of primary sector. This is because it forms the base for all other products that we subsequently make. Since most of the natural products are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector.

Detailed explanation-3: -The primary sector is also called ‘agriculture and related sector’. The primary sector is related to the extraction and harvesting of natural products. The primary sector consists of agriculture, dairy, fishing, forestry.

Detailed explanation-4: -Tertiary activities provide support to the primary and secondary sectors through services. Transport, trade, banking, insurance and advertising are examples of tertiary activities. Agriculture is a primary activity. It includes growing crops, fruits, vegetables, flowers and rearing of livestock.

Detailed explanation-5: -Agriculture comes under the primary sector of economic activity. The primary sector includes the production and extraction of raw materials. The other activities which are related to this sector are mining, forestry, grazing, farming, hunting, fishing, quarrying, and gathering.