What are the various activities undertaken in the primary sector

Primary sector comprises activities related to the extraction and production of natural resources. Agriculture, forestry, animal husbandry, fishing, poultry farming, mining and quarrying are the activities undertaken in this sector. Secondary sector comprises activities related to the processing of natural resources. Manufacturing is included in this sector. Tertiary sector comprises activities that provide support to the primary and secondary sectors through various services. Trade, transport, communication, banking, education, health, tourism, insurance, etc., are examples of tertiary activitie

What is the primary sector? The primary sector is concerned with the extraction of raw materials. It includes fishing, farming and mining. In less developed economies, the primary sector will comprise the biggest part of the economy. Typically as an economy develops, increased labour productivity will enable workers to leave the agricultural sector and move to other sectors, such as manufacturing and the service sector. • In the UK, about 3% of the labour force is engaged in agricultural production. • In the UK, agriculture, mining and extractive industries account for around 12% of GDP • Manufacturing is about 10%, and the service sector 78%. ( Examples of primary sector • Farming • Fishing • Coal mining • Forestry and logging, • Oil extraction, • Diamond mining. Sheep farming. A small share of the UK’s GDP Issues of the primary sector • Export revenue. Making use of natural resources can be a way for an economy to gain income and export revenue. The sale of oil, gas and other natural resources have enriched many developing economies enabling them to gain capital to invest in public services within the economy. Some oil-rich countries have successfully used the increase in revenue to save for the future, e.g. Qatar, Saudi Arabia, Norway. • Monopoly power. One problem with relying on the primary sector is that often wealth becomes inequitably distributed. For example, a small number of firms gain monopoly power over the production of raw materials and pay workers only a sm...

Health play an important role in the individual's working life in the following ways: (i)Good health increases the efficiency of a worker. (ii)The health of an individual helps him to realise his potential and the ability to fight illness. (iii)An unhealthy person becomes a liability for an organisation indeed; health is an indispensable basis for realising one’s well being. Following are the differences between human resources and land and physical capital resources: Human Resources Land and Physical Capital Resources (i)Human resource is a primary factor of production as it can make use of land and capital. (ii)Human resource is an active factor of production. (iii)It includes education, health etc. (i)Land and physical capital resources are secondary factors of production as they cannot become useful on their own. (ii)These are passive factor of production. (iii)These includes building, land etc.

Thereare four basic categories ofeconomicactivities: The Primary Sector that is rawmaterials. The Secondary Sector, which comprises industry and manufacturing.The Tertiary Sector that is services. The Quaternary Sector, which we alsoappeal to the 'knowledge sector. Economicactivitiesareclassified asprimary,secondary and tertiary activitieson the basisof nature ofactivitythat is undertaken.

Activities can be classified under the following three sectors on the basis of their nature of their products or materials used : (i) Primary Sector: Activities concerned with collecting or making available materials provided by nature are included in the primary sector. Some such activities are (a) Agriculture; (b) forestry; (c) animal husbandry; (d) poultry farming; (e) finishing and (f) mining. (ii) Secondary Sector: Such act ivies which transform raw materials or primary products into commodities more useful man are included in the secondary sector. Some such activities are (a) manufacturing and (b) quarrying. (iii) Tertiary Sector: This sector included those activities which are a must for running modern industries in a big way. Some such activities are (a) trade; (b) transport; (c) communication; (d) banking; (e) health; (f) education; (g) insurance; (h) tourism and (i) various other services .