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Sector producing a good by exploiting natural resources is called:
Question

Sector producing a good by exploiting natural resources is called:

A.

Primary sector

B.

Secondary sector

C.

Tertiary sector

D.

Residual sector

Correct option is A

(a) Primary sector

The Primary Sector involves the extraction and harvesting of natural resources, including agriculture, fishing, forestry, and mining. It forms the base of an economy.

Information Booster:

  • Primary Sector: Uses natural resources (e.g., farming, mining).
  • Secondary Sector: Involves manufacturing and construction.
  • Tertiary Sector: Includes services (banking, transport, IT).
  • Residual Sector is not a recognized economic classification.
  • Developing countries have a larger workforce in the primary sector.
  • India’s GDP share from the primary sector is declining.

Additional Information:

  • The Industrial Revolution shifted economies from primary to secondary.
  • Tertiary sector dominates developed economies.

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