Which of the following activities is classified under the primary sector of production?
- Mining iron ore from natural mineral depositsAnswer
- BRefining crude oil into petroleum products
- CWarehousing manufactured goods for distribution
- DBaking bread strictly for personal household consumption
Answer
Mining iron ore from natural mineral deposits
Mining iron ore from natural mineral deposits directly extracts unrefined natural resources from nature, which defines the primary sector of production.
Step-by-Step Solution
Key Concept
Classification of Economic Production Sectors (Primary, Secondary, Tertiary)
Estimated Time:45s