primary industry definition

primary industry

The industrial sector of an economy characterized by the extraction and collection of natural resources, such as copper and timber, as well as by activities such as farming and fishing. A company in a primary industry can also be involved in turning natural resources into products. Primary industry tends to make up a larger portion of the economy of developing countries than they do for developed countries. Also called primary sector of industry. See also service industry, secondary industry.

primary industry is in the Economics, Politics, & Society and Industries, Manufacturing, & Technology subjects.

primary industry appears in the definitions of the following terms: primary, service industry and secondary industry

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