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Question
Explain the primary sector in brief.
Explain
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Solution
The primary sector involves the collection and use of natural resources by humans. It represents the natural wealth inherited by mankind. Activities in this sector include farming, mining, cattle breeding, plantations, hunting, oil drilling, lumbering, and fishing. It is also referred to as the agricultural sector and includes both extractive and genetic industries. The primary sector supplies basic necessities for daily life and provides raw materials for other industries.
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Chapter 1: Introduction to Commercial Organisations - QUESTION BANK [Page 24]
