Primary Sector of Economy

Study Notes

Support System for Industrial Activity

A support system is necessary to facilitate industrial activity, with sectors like transport and finance playing a crucial role.

Primary Sector

Activities in this sector involve the direct use of natural resources.
Examples include agriculture, mining, fishing, forestry, and dairy.
Also known as the Agriculture and Allied Sector due to its focus on natural products.
Workers in this sector are called red-collar workers due to the outdoor nature of their work.

Secondary Sector

This sector encompasses industries that use natural materials from the primary sector to produce finished goods.
Examples include industrial production, cotton fabric, sugar cane production, and steel manufacture.
Also known as the industrial sector.
Workers in this sector are called blue-collar workers.

Core Industries

Eight core industries are electricity, steel, refinery products, crude oil, coal, cement, natural gas, and fertilizers.
The Index of Eight Core Industries is a monthly production index and a lead indicator of industrial performance.

Tertiary Sector/Service Sector

Activities in this sector support the development of primary and secondary sectors.
Examples include services that help in the development of other sectors.

State Economy

India adopted a mixed economy approach, with public and private sectors coexisting.
The public sector played a prominent role in the initial years, but its influence was later restricted.
The private sector's role has increased over time, leading to a unique brand of mixed economy suitable to India's conditions.

Economic Sectors

Economic sectors are classified based on ownership, working conditions, and nature of activities.
The Indian economy has evolved over time, with a shift from primary to secondary and tertiary sectors.

Quaternary Activities

Specialized tertiary activities in the 'Knowledge Sector' that demand a separate classification.
The quaternary sector is the intellectual aspect of the economy, enabling innovation and improvement in services.
Examples include personnel working in office buildings, hospitals, and education institutions.

Quinary Sector

The quinary sector involves top-level decision-making, including the government, industry, commerce, and education.
Services in this sector focus on creation, interpretation, and evaluation of new and existing ideas and technologies.

Organised Sector

In this sector, employment terms are fixed and regular, with assured work and social security.
The sector is registered with the government, and various acts apply to enterprises in this sector.
Examples include schools and hospitals, with workers enjoying security of employment and fixed working hours.

Description

This quiz covers the primary sector of economy, which includes activities that directly use natural resources, such as agriculture, mining, and forestry. It forms the base for all other products and is a crucial support system for industrial activity.