ECONOMICS (CBSE/UGC NET)

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: -➤ A primary sector is a sector whereby the raw materials are extracted from the earth. ➤ Primary Sector includes those activities which lead to the production of goods by exploitation of natural resources. ➤ Examples of primary sector activities are agriculture, fishing, mining, animal husbandry etc.

Detailed explanation-3: -In the primary sector of the economy, activities involve using natural resources, which include land, water, forest, raw materials and minerals.

Detailed explanation-4: -Natural resources are materials from the Earth that are used to support life and meet people’s needs. Any natural substance that humans use can be considered a natural resource. Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water.

Detailed explanation-5: -Primary industry This sector of a nation’s economy includes agriculture, forestry, fishing, mining, quarrying, and the extraction of minerals.