Definition of Primary industry:
Industry, such as mining, agriculture, or forestry, that is concerned with obtaining or providing natural raw materials for conversion into commodities and products for the consumer.
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.
How to use Primary industry in a sentence?
- You need to know what the primary industry for your product is and try to market it correctly to them.
- 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.
- Employment in primary industry accounts for 12 percent of all employment in rural areas.
- The primary industry was taking over the construction element of the business plan so we knew we were in good hands.
Meaning of Primary industry & Primary industry Definition