Which sector is concerned with extracting raw materials?
APrimary
BSecondary
CTertiary
DQuaternary
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Related Questions:
Consider the following statements about structural transformation of economies:
In underdeveloped economies, the primary sector remains the largest contributor to national income.
In advanced economies, the service sector becomes the largest contributor to GDP.
A key reason for the decline of the primary sector is its dependence on a fixed factor like land, leading to diminishing returns.
People engaged in which sector of the economy are called red-collar workers?
Economic development includes economic growth along with:
Which of the following correctly explain demand-side reasons for sectoral shifts in the economy?
Income elasticity of demand for food is high, so demand for agricultural goods rises faster than income.
Demand for industrial goods and services rises sharply with higher incomes.
Even as incomes rise, food demand increases only marginally.
അസംസ്കൃത വസ്തുക്കളുടെയും മറ്റും ഉല്പാദനവുമായി ബന്ധപ്പെട്ട മേഖല ഏതാണ്?