Correct Option
The correct option is 1 only
Explanation
Economic activities are classified into three main sectors based on the nature of the activity:
- Primary Sector: Involves the extraction and harvesting of natural resources.
- Secondary Sector: Involves the processing of natural resources into finished goods (manufacturing and construction).
- Tertiary Sector: Involves the provision of services that support the production process and consumers.
Statement-wise Analysis
- Statement 1 is Correct: The primary sector includes all activities where goods are produced by directly exploiting natural resources. Examples include agriculture, mining, forestry, and fishing. Since these activities form the base for all other products, it is termed the "primary" sector.
- Statement 2 is Incorrect: The processing of natural resources into finished goods is the defining characteristic of the secondary sector (also known as the industrial sector). The primary sector focuses on extraction, not processing or manufacturing.
- Statement 3 is Incorrect: Dairy and fishing are activities related to agriculture and the extraction of biological resources. Therefore, they fall under the primary sector. The tertiary sector comprises services such as transport, banking, trade, and communication.
Key Takeaway
Primary Sector activities are directly dependent on the environment (land, water, vegetation, minerals), whereas the Secondary Sector adds value through manufacturing, and the Tertiary Sector provides support services.