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What is the role played by the primary sector in the economy of your country?
Wiki User
∙ 6y ago
The Primary sector of the economy is the change of natural resources into primary products, it is the first step followed by the secondary and tertiary sectors. Most products from this sector provides raw materials for other industries.
Wiki User
∙ 11y ago
Wiki User
∙ 14y agoThe primary sector is most important to developing countries as more than about 10% of the countries GDP. (estimate figures)
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Why the primary sector of the economy contribute a large proportion to total income in a country?
this happen when a country have no industries to manufacture their raw materials
As a country's economy develops a smaller percentage of the work force tend to be employed in?
A smaller percentage tends to be in the primary sector, when a country is so called a "first world country". The most people would be in the tertiary sector.
What is the primary sector of economy?
i know u dont :p
What are Disadvantages of primary sector?
less income unorganised sector cant contribute more for the economy
What is a primary industrial sector?
The primary sector of the economy can be defined as the sector of an economy making direct use of natural resources. This includes agriculture, forestry and fishing, mining, and extraction of oil and gas. This is contrasted with the secondary sector, producing manufactured and other processed goods, and the tertiary sector , producing services. The primary sector is usually most important in less developed countries, and typically less important in industrial countries
What is the role played by the primary sector in developing countries?
The primary sector in developing countries plays a crucial role in providing livelihoods for a large portion of the population, particularly in rural areas. It is also a significant source of export earnings and contributes to food security. However, it faces challenges such as limited access to technology, market volatility, and environmental sustainability issues.
Why the primary sector of the economy contribute a large proportion to total income in a country?
this happen when a country have no industries to manufacture their raw materials
As a country's economy develops a smaller percentage of the work force tend to be employed in?
A smaller percentage tends to be in the primary sector, when a country is so called a "first world country". The most people would be in the tertiary sector.
Why is primary sector important to a country's economy?
The sector of an economy making direct use of natural resources. This includes agriculture, forestry and fishing, mining, and extraction of oil and gas. This is contrasted with the secondary sector, producing manufactures and other processed goods, and the tertiary sector, producing services. The primary sector is usually most important in less developed countries, and typically less important in industrial countries.
What is the primary sector of economy?
i know u dont :p
Are Most Americans employed in the primary sector of the economy?
Nope.
What are Disadvantages of primary sector?
less income unorganised sector cant contribute more for the economy
What are the different area of economics?
economy can be divided into 3 main sectors The primary sectors: This sector includes farming and raw material (mining) The secondary sector: This sector include all manufactured goods (using resources from the primary sector) Tertiary sector: This sector includes all the services in an economy.
What is a primary industrial sector?
The primary sector of the economy can be defined as the sector of an economy making direct use of natural resources. This includes agriculture, forestry and fishing, mining, and extraction of oil and gas. This is contrasted with the secondary sector, producing manufactured and other processed goods, and the tertiary sector , producing services. The primary sector is usually most important in less developed countries, and typically less important in industrial countries
How has the primary sector has changed over time?
it has changed because of the increase of the economy
What is a business sector?
Business sector is a place where transactions take place and is entirely associated with the economy. It is a complete channel which is linked with the prospect of any country. If the business sector is strong, it means that the country economy is strong and vice-verse.
What is the definition of primary sector?
That part of a country's or region's economy that makes direct use of natural resources, including agriculture, forestry, fishing and the fuel, metal and mining industries.
