Which of the following best describes primary sector activities?

Study for the Economics Fundamentals Test. Learn with diverse question types, each accompanied by elucidations and insights. Master essential economic principles and excel in your exam!

Primary sector activities are fundamentally associated with the extraction and harvesting of natural resources. This includes industries that are involved in agriculture, forestry, fishing, mining, and oil extraction. The primary sector is often considered the foundation of the economy because it provides the raw materials that are essential for other sectors, such as manufacturing and services.

In contrast, service-based industries primarily involve providing services rather than goods, while manufacturing and construction pertain to the secondary sector, which transforms raw materials into finished products. Research and development sectors focus on innovation and improvements, which do not involve the direct extraction of resources. Therefore, the definition of primary sector activities aligns directly with the extraction of natural resources, making it the most accurate choice among the options presented.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy