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Encyclopedia > Primary sector of industry

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Anglo-Saxon economy
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Anglo-Saxon economy or Anglo-Saxon capitalism (so called because it is largely practiced in English speaking countries such as Australia, the United Kingdom and the United States) is a capitalist macroeconomic model in which levels of regulation and taxes are low, and the quality of state services and social... The American School also known as National System in politics, policy and philosophy represents three different yet related things. ... It has been suggested that this article or section be merged into globalization. ... In anthropology, the hunter-gatherer way of life is that led by certain societies of the Neolithic Era based on the exploitation of wild plants and animals. ... Information economy is a loosely defined term to characterize an economy with increased role of informational activities and information industry. ... The term, originated by the Organization for Economic Cooperation and Development (OECD), describes nations of the Third World that have enjoyed rapid economic growth and can be described as middle-income countries. ... A palace economy is a system of economic organisation in which wealth flows out from a central source (the palace), eventually reaching the common people, who have no other source of income. ... This box:      A plantation economy is an economy which is based on agricultural mass production, usually of a few staple products grown on large farms called plantations. ... The Social market economy was the German and Austrian economic model during the Cold War era. ... A token economy is a system of behavior modification based on the principles of operant conditioning. ... A traditional economy is an economic system in which resources are allocated by inheritance, and which has a strong social network and is based on primitive methods and tools. ... A transition economy is an economy which is changing from a planned economy to a free market. ...

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The primary sector of industry generally involves the changing process of natural resources into primary products. Most products from this sector are considered raw materials for other industries. Major businesses in this sector include agriculture, agribusiness, fishing, forestry and all mining and quarrying industries. Image File history File links Portal. ... In agriculture, agribusiness is a generic term that refers to the various businesses involved in the food production chain, including farming, seed, agrichemicals, farm machinery, wholesaling, processing, distribution, and retail sales. ... Fishing is the activity of hunting for fish by hooking, trapping, or gathering animals not classifiable as insects which breathe in water or pass their lives in water. ... A decidous beech forest in Slovenia. ... This article is about mineral extraction. ... A small cinder quarry A dimension stone quarry A quarry is a type of open-pit mine from which rock or minerals are extracted. ...


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 found in larger amounts in developing countries; for instance, animal husbandry is more common in Africa than in Japan. [2]  High human development Medium human development Low human development Unavailable A developing country has a relatively low standard of living, an undeveloped industrial base, and a moderate to low Human Development Index (HDI) score. ... In a draw in a mountainous region, a shepherd guides a flock of about 20 sheep amidst scrub and olive trees. ...


Mining was a common and widespread industry in South Wales and a good case study of how an economy can come to rely on one form of business.[3]


However 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] World map indicating Human Development Index (as of 2004). ... An insecticide is a pesticide used against insects in all developmental forms. ... This article or section does not cite its references or sources. ... A Fungicide is one of three main methods of pest control- chemical control of fungi in this case. ...


Also, 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

Manufacturing, a branch of industry which accounts for about one-quarter of the worlds economic activity, is the application of tools and a processing medium to the transformation of raw materials into finished goods for sale. ... This box:      The secondary sector of industry includes those economic sectors that create a finished, useable product: manufacturing and construction. ... This box:      The tertiary sector of industry (also known as the service sector or the service industry) is one of the three main industrial categories of a developed economy, the others being the secondary industry (manufacturing), and primary industry (extraction such as mining, agriculture and fishing). ... This box:  • • The Quaternary sector of industry is the sector of industry that involves the intellectual services. ... An industrial policy is any government regulation or law that encourages the ongoing operation of, or investment in, a particular 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

  Results from FactBites:
 
Kids.Net.Au - Encyclopedia > Secondary sector of industry (164 words)
The Secondary sector of industry is the manufacturing sector of industry.
This sector of industry generally takes the output of the primary sector and manufactures finished goods or products to a point where they are suitable for use by other businesses, for export, or sale to domestic consumers.
This sector is often divided into light industry and heavy industry.
  More results at FactBites »

 
 

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