primary industry

  

Definition

An industry involved in 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. See also service industry, secondary industry.


Use primary industry in a sentence

  • The primary industry was taking over the construction element of the business plan so we knew we were in good hands.

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  • I worked in their primary industry and I have to tell you that things could not be going any better and I am very happy.

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  • You need to know what the primary industry for your product is and try to market it correctly to them.

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