What is PRIMARY INDUSTRY?

An industry concerned with the extraction of natural resources such as minerals. It also includes fisheries and the agriculture industry. A company that is a part of a primary industry is involved in converting natural resources into consumable products.

More On This Topic



Link to This Definition
Did you find this definition of PRIMARY INDUSTRY helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary