- Source: Primary sector of the economy
The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, fishing, forestry and mining.
The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries. For example, in 2018, agriculture, forestry, and fishing comprised more than 15% of GDP in sub-Saharan Africa but less than 1% of GDP in North America.
In developed countries the primary sector has become more technologically advanced, enabling for example the mechanization of farming, as compared with lower-tech methods in poorer countries. More developed economies may invest additional capital in primary means of production: for example, in the United States corn belt, combine harvesters pick the corn, and sprayers spray large amounts of insecticides, herbicides and fungicides, producing a higher yield than is possible using less capital-intensive techniques. These technological advances and investment allow the primary sector to employ a smaller workforce, so developed countries tend to have a smaller percentage of their workforce involved in primary activities, instead having a higher percentage involved in the secondary and tertiary sectors.
List of countries by agricultural output
See also
Resource curse
Three-sector model
Notes
References
Further reading
Dwight H. Perkins: Proceedings of the Academy of Political Science, Vol. 31, No. 1, China's Developmental Experience (Mar., 1973)
Cameron: General Economic and Social History
Historia Económica y Social General, by Maria Inés Barbero, Rubén L. Berenblum, Fernando R. García Molina, Jorge Saborido
External links
Media related to Primary sector of the economy at Wikimedia Commons
Economy101.net: The Nature of Wealth
Kata Kunci Pencarian:
- Selandia Baru
- Britania Raya
- Ekonomi Hungaria
- New York (negara bagian)
- Sarawak
- Konstantinos Karamanlis
- Park Myeong-su
- Pandemi Covid-19
- Kebijakan Pertanian Bersama
- Primary sector of the economy
- Three-sector model
- Quaternary sector of the economy
- Tertiary sector of the economy
- Secondary sector of the economy
- Economic sector
- Informal economy
- Natural resource
- Fukui (city)
- Banana republic
