Primary Sector of Economy
Primary sector of the economy
The primary sector of the economy is 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.
The manufacturing industries that aggregate, pack, package, purify or process the raw materials close to the primary producers are normally considered part of this sector, especially if the raw material is unsuitable for sale or difficult to transport long distances.[1]
Primary industry is a larger sector in developing countries; for instance, animal husbandry is more common in Africa than in Japan.[2] Mining in 19th century South Wales is a case study of how an economy can come to rely on one form of business.[3]
Canada is unusual among developed countries in the importance of the primary sector, with the logging and oil industries being two of Canada's most important. Contents * 1 Agriculture * 2 List of countries by agricultural output * 3 See also * 4 References * 5 Further reading |
[edit] Agriculture Economic sectors | Three-sector hypothesis | Primary sector: raw materials
Secondary sector: manufacturing
Tertiary sector: services | Theorists | Colin Clark · Jean Fourastié | Additional sectors | Quaternary sector · Quinary sector | Sectors by ownership | Business sector · Private sector · Public sector · Voluntary sector | * v * t * e |
In developed countries primary industry becomes more technologically advanced, for instance the mechanization of farming as opposed to hand picking and planting. In more developed economies additional capital is invested in primary means of production. As an example, in the United States corn belt, combine harvesters
The primary sector of the economy is 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.
The manufacturing industries that aggregate, pack, package, purify or process the raw materials close to the primary producers are normally considered part of this sector, especially if the raw material is unsuitable for sale or difficult to transport long distances.[1]
Primary industry is a larger sector in developing countries; for instance, animal husbandry is more common in Africa than in Japan.[2] Mining in 19th century South Wales is a case study of how an economy can come to rely on one form of business.[3]
Canada is unusual among developed countries in the importance of the primary sector, with the logging and oil industries being two of Canada's most important. Contents * 1 Agriculture * 2 List of countries by agricultural output * 3 See also * 4 References * 5 Further reading |
[edit] Agriculture Economic sectors | Three-sector hypothesis | Primary sector: raw materials
Secondary sector: manufacturing
Tertiary sector: services | Theorists | Colin Clark · Jean Fourastié | Additional sectors | Quaternary sector · Quinary sector | Sectors by ownership | Business sector · Private sector · Public sector · Voluntary sector | * v * t * e |
In developed countries primary industry becomes more technologically advanced, for instance the mechanization of farming as opposed to hand picking and planting. In more developed economies additional capital is invested in primary means of production. As an example, in the United States corn belt, combine harvesters
References: * Drèze, John; Sen, Amartya (1996). India: Economic Development and Social Opportunity. Oxford University Press. p. 292. ISBN 978-0-19-564082-3. * Kumar, Dharma (2005) * Nehru, Jawaharlal (1946). The Discovery of India. Penguin Books. ISBN 0-14-303103-1. * Panagariya, Arvind (2008) * Raychaudhuri, Tapan; Habib, Irfan (2004). The Cambridge Economic History of India, Volume I : c. 1200 – c. 1750. New Delhi: Orient Longman. p. 543. ISBN 978-81-250-2709-6. * Roy, Tirthankar (2006) Books * Alamgir, Jalal (2008) * Bharadwaj, Krishna (1991). "Regional differentiation in India". In Sathyamurthy, T.V.. Industry & agriculture in India since independence. Oxford University Press. pp. 189–199. ISBN 0-19-564394-1. Articles * Bernardi, Luigi and Fraschini, Angela (2005). Tax System And Tax Reforms In India. Working paper n. 51. http://ideas.repec.org/p/uca/ucapdv/45.html. * Centre for Media Studies (2005) (PDF) * Ghosh, Jayati. "Bank Nationalisation: The Record". Macroscan. http://www.macroscan.com/cur/jul05/cur210705Bank_Nationalisation.htm. Retrieved 2005-08-05. * Gordon, Jim and Gupta, Poonam (2003) (PDF) * Panagariya, Arvind (2004). India in the 1980s and 1990s: A Triumph of Reforms. http://ideas.repec.org/p/wpa/wuwpit/0403005.html. * Sachs, D * Srinivasan, T.N. (2002) (PDF). Economic Reforms and Global Integration. 17 January 2002. http://www.econ.yale.edu/%7Esrinivas/ec_reforms.pdf. Retrieved 2009-06-21. * Kurian, N.J.