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The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, fishing, forestry and mining. [ 1 ] [ 2 ] [ 3 ] The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries .
Three sectors according to Fourastié Clark's sector model. One classical breakdown of economic activity distinguishes three sectors: [1] Primary: involves the retrieval and production of raw-material commodities, such as corn, coal, wood or iron. Miners, farmers and fishermen are all workers in the primary sector.
Three sectors according to Fourastié Clark's sector model This figure illustrates the percentages of a country's economy made up by different sector. The figure illustrates that countries with higher levels of socio-economic development tend to have less of their economy made up of primary and secondary sectors and more emphasis in tertiary sectors.
production/ establishment 6 digits 17/99/313/724/1175 (/19745) 1: 1997, 2002, 2012, 2017, 2022 RBICS FactSet Revere Business Industry Classification System FactSet, acquired in 2013 [6] line of business 11000 SIC Standard Industrial Classification: Government of the United States production/ establishment 4 digits 1004 categories
The following outline is provided as an overview of and topical guide to production: Production – act of creating 'use' value or 'utility' that can satisfy a want or need. [1] The act may or may not include factors of production other than labor. Any effort directed toward the realization of a desired product or service is a "productive ...
The following outline is provided as an overview of and topical guide to industry: Industry , in economics and economic geography , refers to the production of an economic good or service within an economy .
An individual production system is usually analyzed in the literature referring to a single business; therefore it is usually improper to include in a given production system the operations necessary to process goods that are obtained by purchasing or the operations carried by the customer on the sold products, the reason being simply that ...
Primary sector of the economy This page was last edited on 5 May 2023, at 13:27 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...