profitsvef.blogg.se - Definition of primary economic activity

Examples include food (meat) harvesting and the collection of materials like fur and bone for the production of useful animal products. Hunting can be used for production purposes. Hunting – The practice of seeking, pursuing, or killing wildlife or feral animals.Forestry is used for producing timber, fuel wood, provision of wildlife habitats, etc. Forestry – The craft of creating, managing, planting, using, conserving and repairing forests, woodlands, and similar resources for environmental or human benefits.Examples include construction, housing, energy, paper, etc. Logging provides the raw materials used for many products. Logging – The process of cutting, processing, and moving trees to another location for transport.Fishing can be recreational, subsistence, or commercial. Fishing – The activity of catching fish.It is also used for the production of paper, plastics, glass, paint, steel, and cement. Limestone is a building block of the construction industry. Limestone mining – The extraction of limestone for further use.Modern metal mining processes involve prospecting for ore bodies, profit analysis, the extraction of desired metals, and the restoration of the land. Metal mining – The extraction of metals from the earth.Coal mining involves the use of trucks, conveyors, draglines, hydraulic jacks, and shearers.

Coal mining – The process of extracting coal from the ground.

This was the main economic sector in many pre-industrial types of societies. The major agricultural products are foods, fuels, and raw materials.

Agriculture – The practice of cultivating plants and livestock.

It is often thought of as the sector responsible for services provided by the highest levels of organization in society, including services such as government, military, education, and healthcare.

The quinary sector is an extension of the tertiary sector with varying definitions.

Examples include research, media, consultation, education, blogging, etc.

The quaternary sector is an extension of the tertiary sector and includes information or knowledge-based services.

Examples include accounting, retail, baking, babysitting, and so on.

The tertiary sector involves the supplying of services to consumers and businesses.

Examples include the production of clothing with textiles, bottles with glass, cars with steel, and so on.

The secondary sector involves the transformation of raw or intermediate materials into goods.

Examples include farming, mining, fishing, logging, and so on.

The primary sector involves the extraction and production of raw materials.

The quaternary and the quinary sectors are considered extensions of the tertiary sector.

The five economic sectors are known as the primary sector (raw materials), the secondary sector (manufacturing), the tertiary sector (services), the quaternary sector (information services), and the quinary sector (human services) (Clark, 1940 Kuznets, 1966). References What are the Five Sectors of the Economy?Įconomic activity can be divided into five main economic sectors, outlined below.