Define the term Industry . Explain Extractive Industry .
Answers
Industry refers to an economic activity that mainly deals with the production of goods like iron and steel industry, extraction of minerals like coal mining industry and the provision of services like tourism industry. The industry is mainly divided into three sectors as primary, secondary and tertiary sectors.
Extractive industry can be defined as a processes that involve different activities that lead to the extraction of raw materials from the earth (such as oil, metals, mineral and aggregates), processing and utilization by consumers.
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Answer:
Extractive industry can be defined as a processes that involve different activities that lead to the extraction of raw materials from the earth (such as oil, metals, mineral and aggregates), processing and utilization by consumers.
Explanation:
Extractive industry can be defined as a processes that involve different activities that lead to the extraction of raw materials from the earth (such as oil, metals, mineral and aggregates), processing and utilization by consumers.