An example of primary economic activity
Answers
Primary economic activities include those economic or commercial activities or industries which are involved in manufacturing or producing raw materials,extracting natural resources or factors/inputs of production which are used to produce finished or final goods and services in secondary economic sector.
Explanation:
Primary economic activities are part of the primary sector in the economy which primarily deals with the production or manufacturing of raw materials,extraction of natural resources,manufacturing of productive resources and factors/inputs of production which are subsequently employed in the production of finished goods and services produced in the secondary sector of the economy which includes various manufacturing industries or companies.Some of the common examples of primary activities under primary economic sector includes mining,agricultural production,fishing,animal husbandry,oil or diamond extraction and so forth.These activities are mainly intended to extract or generate raw materials or intermediate goods which are supplied to the manufacturing plants and factories in the secondary sector to produce finished goods and services intended for final consumption by the buyers or consumers.