The primary sector is the part of an economy that focuses on extracting and harvesting natural resources directly from the Earth.
Key features:
- Includes industries such as agriculture, forestry, fishing, mining, and quarrying.
- It is the first stage of production, where raw materials are obtained from nature.
- Economies in early development stages often rely heavily on this sector for employment.
- As a country grows, the importance of this sector typically decreases as manufacturing (secondary) and services (tertiary) grow.
- Production is often affected by weather, changes in global prices, and the risk of running out of resources.
- Many developing nations depend on exporting these raw materials, which can make their economies unstable if global prices drop.