Discuss a few problems faced by primary sectors.
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Answer:
the few problems faced by primary sectors are
Explanation:
bad sanitation facilities low educational institutions and school bad electric supply and low quality of resources
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The primary sector of the economy comprises any industry involved in the extraction & production of raw materials, such as forestry, farming, mining, fishing
Explanation:
- One problem with relying on the primary sector is the inequitable distribution of wealth. For example, a small number of companies gain monopoly power over raw material production and pay only a small fraction of the income earned.
- In both price and production, primary products are subject to fluctuations. Goods like oil and food will see a massive price fluctuation. Demand is fairly unpretentious. If prices fall, countries based on certain industries may experience significant revenue decreases, which cause problems.
- We have seen a decrease in primary sectors in advanced economies due to a smaller economic share which can lead to structural unemployment for a certain time.
- Underemployment and disguised employment are one of the major problems facing this sector. Underemployment accounts for employed people who do not work as well as they can, while employees who do not work to the full.
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