ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC SYSTEMS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which type of economic activity extracts or harvests raw materials?
A
Primary
B
Secondary
C
Tertiary
D
Quaternary
Explanation: 

Detailed explanation-1: -The primary sector includes all activities related to the extraction or harvesting of products from the earth or nature. Agriculture, forestry, animal husbandry, fishing, poultry farming, mining, and quarrying fall under the primary sector.

Detailed explanation-2: -Primary economic activities are those that involve the harvesting, extraction, or collection of natural resources. Secondary economic activities are those that process raw materials into finished products.

Detailed explanation-3: -The primary sector includes all those activities the end purpose of which consists in exploiting natural resources: agriculture, fishing, forestry, mining, deposits.

Detailed explanation-4: -i) Primary activities are those that rely directly on the climate, since they refer to the use of the earth’s resources such as land, water, plants, minerals, etc. ii) Hunting, gathering, agricultural activities, fishing, forestry, agriculture and mining are the main activities.

Detailed explanation-5: -Agriculture, fishing, forestry, mining and oil and gas extraction are examples of the primary activities.

There is 1 question to complete.