Briefly explain the primary industry

1 answer

The primary industry refers to the sector of the economy that involves the extraction and harvesting of natural resources. This includes activities related to agriculture, forestry, fishing, mining, and oil and gas extraction. The primary industry is essential as it provides the raw materials that are used in the production of goods and services in other sectors of the economy, namely secondary (manufacturing) and tertiary (services) industries. It often involves direct interaction with the natural environment and plays a critical role in economies, especially in developing countries.