a few lines explanation of primary sector
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Primary sector: It is that sector which relies on the environment for any production or manufacturing. A few examples of the primary sector are mining, farming, agriculture, fishing, etc. Secondary sector: In this sector, the raw material is transferred to a valuable product.
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The primary sector refers to the sector of the economy which provides raw material to the other sectors.
Explanation:
- The primary sector is the most basic sector of any economy.
- All the raw materials and resources for other sectors are procured by the primary sector.
- The most common activities of the primary sector include agriculture, mining, etc.
- The primary sector provides employment to a lot of people who don’t have specific skills.
- The primary sector is also highly unorganized and informal in nature due to which a lot of activities in their primary sector are unrecorded while the calculation of the GDP.
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