Info 1: primary sector definition
Info 2: how the primary sector works
Info 3: primary sector vs secondary sector
Info 4: example of primary sector
Opening information:
primary sector breaks into two words primary and sector. Primary means main, and sector means section.
primary sector means the main section of the category.
So now let’s have a look at what is a primary sector, how the primary sector works in the public market, and what is the difference between the primary sector and the secondary sector, finally one brief example about the primary sector.
Info 1: primary sector definition
Mr.Thakan is the businessman who runs the Crop organization, which sells hundreds and thousands of tons to other businesses and consumers each year.
This crop Industry has served in the market for almost 23 years, it’s a public trading company with 34 million shares trading in the public market.
The same is another kind of organization which is run by Mr.Hitho, who would manufacture the tech product I pod for the people and survive as a leader in their niche. However, this Hitho Industry is also a public organization that sold its Ownership of stock shares to the general public Investors.
Moreover, another kind of business named Ottan is the slipper Industry which creates and releases hundreds of designs each year in the market, they would also sell multiple amount of other products in their own business.
Here among the three Industries, the business that used the product as crops without manufacturing or any extra mix material use is named in the primary sector.
Because many of the businesses whose main products are completed based on natural or raw materials without mixing any additional substances they are added to the category of the primary sector in the public market.
So Now let’s dive into how this primary sector is involved and work in the public market.
Info 2: primary sector definition
Primary sectors don’t represent any specific fixed object or thing, instead, it’s a category occupied by the Industries in the manner of raw material of the natural non non-cooked product.
Therefore any of the businesses that are got into the public market by basing their product as non-cooked products are normally Considered in the category of the primary sector.
Supposedly if their main product is cooked and not a product of raw material or completely based on nature such businesses are not categorized in the category of primary sector.
If the business’s main purpose is fishing, fish is a natural product that is not cooked in any way, so they come in the section of the primary sector in the public market.
Next, if the same business is not fishing indeed its purpose of making money by growing trees, then trees are not a cooked product where they are also written in the sector of primary.
If any of the organizations works towards agriculture or related to land things activities which are natural goods is also called a primary sector of business.
Moreover, mining takes place for oil, gold, and diamonds which are also known to be a noncooked thing in the stock market, therefore it’s also trapped in the part of the sectors of primary.
Suppose the public Corporations provide the service for gold mining Services or oil mining Services without their main business as mining gold or diamonds, then such business couldn’t be a primary sector.
Most people confuse the primary sectors and secondary sectors, so let’s jump into the key differences in any way.
Info 3: primary sector vs secondary sector
The primary sector is the one kind of section in the public to lists the Industries based on the non-cooked product or cook.
Unlike the Primary sector, the secondary product which means manufactured goods that are used to be sold on the market with mix and created using other substances or materials, is cooked.
Each category is are public Industry but separated into distinct sections of sectors. To make you more clear about the primary sectors let’s look into one brief example below.
Info 4: example of primary sector
Say the company Y is the one which it’s main purpose is to sell cool drinks to the consumers were made billions of dollars. It’s been running nearly for 7 years in the public market.
Another company N manufactures textiles that are created and sells hundreds of designs in the market. Its net income would be 12 billion dollars yearly basics.
Here none of the business came in the separation of the primary sectors because no company sells the Natural items or non-cooked items.