A part of the economy dominated by agriculture, including fishing and forestry, is known as which sector?

Prepare for your IB Business Management HL exam with curated quizzes featuring multiple choice questions, hints, and explanations. Ensure your readiness and confidence for the IB diploma!

Multiple Choice

A part of the economy dominated by agriculture, including fishing and forestry, is known as which sector?

Explanation:
Economies are grouped by the nature of activity. The primary sector involves extracting or harvesting natural resources from the environment. Agriculture, fishing, and forestry fit this because they focus on obtaining raw materials rather than processing them or providing services. The secondary sector handles manufacturing, the tertiary sector provides services, and the quaternary sector covers knowledge-based activities. So, the part of the economy dominated by agriculture, including fishing and forestry, is the primary sector.

Economies are grouped by the nature of activity. The primary sector involves extracting or harvesting natural resources from the environment. Agriculture, fishing, and forestry fit this because they focus on obtaining raw materials rather than processing them or providing services. The secondary sector handles manufacturing, the tertiary sector provides services, and the quaternary sector covers knowledge-based activities. So, the part of the economy dominated by agriculture, including fishing and forestry, is the primary sector.

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