Economy, asked by prabhasthecruze926, 8 months ago

At the initial stages of development , __________ sectors was the most important
sector of economic activity.



can i get answer for this??

Answers

Answered by himmatbhavana
2

Answer:

at the initial stage of development, primary sectors was the most important sector of economic activity

Answered by Pratham2508
0

Answer:

At the initial stages of development, primary sectors were the most important sector of economic activity.

Explanation:

The primary sector was the most significant area of economic activity in the early phases of development. The agricultural sector prospered as farming practices evolved, producing far more food than before. This allowed many people to pursue other endeavors, which led to the emergence of the service sector.

  • Any industry engaged in the extraction and production of raw materials, such as agriculture, logging, fishing, forestry, and mining, is considered to be a part of the primary sector of the economy.
  • In emerging nations compared to industrialized nations, the primary sector often makes up a bigger share of the GDP.
  • For instance, in sub-Saharan Africa, agriculture, forestry, and fishing accounted for more than 15% of GDP in 2018, but they only made up less than 1% of GDP in North America.
  • Compared to lower-tech methods used in poorer countries, the primary sector in developed countries has advanced technologically, enabling, for example, the mechanisation of farming.
  • More developed economies may invest additional capital in primary means of production: for instance, in the US corn belt, combine harvesters pick the corn and sprayers spray large amounts of insecticides, herbicides, and fungicides, producing a higher yield than is feasible.
  • The primary sector may now employ a smaller workforce thanks to technical advancements and investment, hence developed nations often have a lower proportion of their workforces engaged in primary activities and a larger proportion in the secondary and tertiary sectors.

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