Characteristics of primary industry
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The primary sector of the economy includes any industry involved in the extraction and collection of natural resources, :such as,farming, forestry, mining and fishing. The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries.
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Characteristics of primary economic activities
- Prevalent in developing countries.
- Activities located mostly in rural areas.
- Small participation in total employment.
- The global market for primary activities goods. Commodity market.
- Uses more land than any other sector, but produces the lowest wealth.
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