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EspañolPRIMARY SECTOR OF ECONOMIC ACTIVITY
(Redirected from Primary sector of industry)
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The manufacturing industries that aggregate, pack, package, purify or process the raw materials close to the primary producers are normally considered part of this sector, especially if the raw material is unsuitable for sale or difficult to transport long distances.[1]
Primary industry is a larger sector in developing countries; for instance, animal husbandry is more common in Africa than in Japan.[2] Mining in Southern Wales is a case study of how an economy can come to rely on one form of business.[3]
In developed countries primary industry becomes more developed and more high-tech, for instance the mechanization of arable farming opposed to hand picking and planting. In America in the corn belt combine harvesters pick the corn, spray systems distribute large amounts of insecticides, herbicides and fungicides thus proving that the more developed an economy is, the higher the capital that is invested into expansion is.
These technological advances and investment allow the primary sector to require less workforce and, this way, developed countries tend to have a smaller percentage of their workforce involved in primary activities, instead having a higher pecentage involved in the secondary and tertiary sectors. [4]
Developed countries are allowed to maintain and develop their primary industries even further due to the excess wealth. For instance, EU subsidies in Europe provide buffers for the fluctuating inflation rates and prices of agricultural produce. This allows developed countries to be able to export their agricultural products at extraordinarily low prices, making them extremely competitive against those of poor or underdeveloped countries that maintain free market policies and low or unexistant tariffs to counter them. [5][6][7]
★ Three-sector hypothesis
★ Primary production (economics)
★ Secondary sector of industry
★ Tertiary sector of industry
★ Quaternary sector of industry
★ Quinary sector of industry
1. About.com: Sectors of the Economy
2. Primary Sector in Economic Development
3. Mining: it's only a word
4. H Dwight H. Perkins: Proceedings of the Academy of Political Science, Vol. 31, No. 1, China's Developmental Experience (Mar., 1973)
5. WTO MINISTERIAL OUTCOME IMBALANCED AGAINST DEVELOPING COUNTRIES
6. Third World Farmers Hit by Unfair Rules
7. U.S. subsidies help big business, but crush farmers from renovating countries
★ ''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''
]]
The manufacturing industries that aggregate, pack, package, purify or process the raw materials close to the primary producers are normally considered part of this sector, especially if the raw material is unsuitable for sale or difficult to transport long distances.[1]
Primary industry is a larger sector in developing countries; for instance, animal husbandry is more common in Africa than in Japan.[2] Mining in Southern Wales is a case study of how an economy can come to rely on one form of business.[3]
Agricultural output in 2005
| Contents |
| Agriculture |
| See also |
| References |
| Further reading |
Agriculture
In developed countries primary industry becomes more developed and more high-tech, for instance the mechanization of arable farming opposed to hand picking and planting. In America in the corn belt combine harvesters pick the corn, spray systems distribute large amounts of insecticides, herbicides and fungicides thus proving that the more developed an economy is, the higher the capital that is invested into expansion is.
These technological advances and investment allow the primary sector to require less workforce and, this way, developed countries tend to have a smaller percentage of their workforce involved in primary activities, instead having a higher pecentage involved in the secondary and tertiary sectors. [4]
Developed countries are allowed to maintain and develop their primary industries even further due to the excess wealth. For instance, EU subsidies in Europe provide buffers for the fluctuating inflation rates and prices of agricultural produce. This allows developed countries to be able to export their agricultural products at extraordinarily low prices, making them extremely competitive against those of poor or underdeveloped countries that maintain free market policies and low or unexistant tariffs to counter them. [5][6][7]
See also
★ Three-sector hypothesis
★ Primary production (economics)
★ Secondary sector of industry
★ Tertiary sector of industry
★ Quaternary sector of industry
★ Quinary sector of industry
References
1. About.com: Sectors of the Economy
2. Primary Sector in Economic Development
3. Mining: it's only a word
4. H Dwight H. Perkins: Proceedings of the Academy of Political Science, Vol. 31, No. 1, China's Developmental Experience (Mar., 1973)
5. WTO MINISTERIAL OUTCOME IMBALANCED AGAINST DEVELOPING COUNTRIES
6. Third World Farmers Hit by Unfair Rules
7. U.S. subsidies help big business, but crush farmers from renovating countries
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''
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