When goods are produced by exploiting natural resources, it is an activity associated with:
primary sector
Primary Sector: Goods from Natural Resource Exploitation
The question asks to identify the economic sector associated with producing goods by exploiting natural resources. Let's analyze the sectors:
- Primary Sector: This sector involves activities directly related to the extraction or harvesting of natural resources. Examples include agriculture, fishing, forestry, mining, and quarrying. Producing goods by exploiting natural resources falls directly under this category.
- Secondary Sector: This sector transforms raw materials obtained from the primary sector into finished goods through manufacturing and industrial processes. Examples include car manufacturing or textile production.
- Tertiary Sector (Service Sector): This sector provides services rather than tangible goods. Examples include banking, transportation, healthcare, and retail.
Since the production involves exploiting natural resources, it is characteristic of the primary sector.
Conclusion
The activity of producing goods by exploiting natural resources is directly linked to the extraction and collection of raw materials, which defines the primary sector.
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Important Questions from Economy
A system in which local farmers were allowed to cultivate temporarily within a plantation is known as:
Which goods from India dominated the international textile markets before the age of mechanized industries?
Which type of farming is practiced in areas of high population pressure on land?
The major economic attribute for comparing countries is their:
India’s GDP growth in 2017 was:
