Which of the following sectors produces natural goods?

The correct answer is Primary Sector.

Key Points

• The Primary Sector is involved in the extraction and harvesting of natural goods directly from the Earth's resources.
• It includes activities such as agriculture, forestry, fishing, mining, and quarrying, which produce raw materials.
• This sector forms the base for all other economic sectors as it provides the raw resources needed for industrial and service sectors.
• Examples of natural goods produced by the Primary Sector include crops, timber, fish, minerals, and crude oil.
• The Primary Sector relies heavily on natural resources, and its activities are often labor-intensive in developing economies.

Additional Information

• Secondary Sector:
  • The Secondary Sector involves manufacturing and industrial processes that convert raw materials from the Primary Sector into finished goods.
  • Examples include textile production, automobile manufacturing, and construction.
• Tertiary Sector:
  • The Tertiary Sector focuses on services and distribution rather than the production of goods.
  • Examples include retail, education, healthcare, and banking services.
• Quaternary Sector:
  • This sector is involved in knowledge-oriented activities such as research, development, and information technology.
  • Examples include scientific research, software development, and data analysis.
• Importance of Primary Sector:
  • The Primary Sector is crucial for sustaining the economy, especially in countries dependent on agriculture and raw material exports.
  • It is often the largest employer in rural areas, contributing significantly to livelihoods and food security.