Five disadvantages of primary sector

Answers

Answer 1

Answer:

Prices are often volatile due to inelastic demand. e.g if there is a ‘good harvest’, supply will increase and there will be a fall in the price of primary products. However, because demand is inelastic, this would lead to a fall in revenue.

coffee-supply-price-growers

The volatile price of coffee – can make planning difficult.

Supply can also be volatile due to weather and disease. For agricultural crops, there is always a risk of crop failure, which could cause economic hardship in one particular year.

Limited resources. One day developing economies may run out of its finite primary products, e.g. precious metals could become scarce. Without diversification, this would leave the economy with a void.

Discourages investment in other aspects of the economy. Concentrating on primary products does not always help the long-term development of an economy because it can contribute towards a lack of investment in other aspects such as education and industrial production. Comparative advantage can change over time. It’s important to not just look at the present comparative advantage, but prospects for next 10 or 20 years.

There is a low-income elasticity of demand for primary products. With a rise in global income, there is a proportionately smaller percentage rise in demand for primary products. (agricultural products tend to be income inelastic). Therefore, if you produce primary products, you may see lower rates of economic growth than countries who produce manufacturing goods – which are more income elastic. The Prebisch-Singer hypothesis suggests that countries who concentrate on primary products are vulnerable to a declining terms of trade.

There are 5 points

Hope it helps!!!

Answer 2

The Five disadvantages of primary sector:

The production of primary sector depends on weather and climate.

It's share in GDP of a country is less.

This sector has  disguished umemployment.

There is less growth in primary sector.

There is exploitation of natural resources.

What is primary sector?

The primary sector of the economy is the industries that extract raw materials for other sectors of the economy. Primary sector industries typically involve gathering natural resources and animal byproducts.the activities like mining, farming, hunting, and forestry are all parts of the primary sector.

The primary sector is the backbone of the manufacturing sector as it provides raw material to the manufacturing or secondary sector. The primary sector has less share in the Gross Domestic Product of the economy but it provides employment to a large share of population.

Learn more about primary sector here:

https://brainly.com/question/13211660

#SPJ2


Related Questions

Plss help plsssss I’m stuck

Answers

Answer:

B

Explanation:

How many continents are found on Earth?

Answers

Answer:

6 continents found.

Explanation:

Africa, Antarctica, Asia, Australia/Oceania, Europe, North America, and South America. Many geographers and scientists now refer to six continents, in which Europe and Asia are combined (because they're one solid landmass).

Answer:

7

Explanation:

Africa, Antarctica, Asia, Australia, Europe, north America, south America

General Santa Anna was a Democrat and believed in the importance of individual rights.
Please select the best answer from the choices provided
OT
Ο Ε

Answers

The correct answer is False

Explanation

Antonio de Santa Anna (1794-1876) was a Mexican politician and military man who held the position of President of Mexico for ten opportunities in which his thirst for power was evidenced since he was characterized by being a leader of dictatorial tendencies. Another characteristic of him was that he never aligned himself with a defined political position but changed his movements between realist, monarchical, republican, unitary, federal, liberal, and conservative. Therefore, it can be affirmed that Antonio de Santa Anna was not a democratic politician who cared about individual rights, but on the contrary, he was a dictator president. So the correct answer is False.

Really need help!!
Drag the tiles to the correct boxes to complete the pairs.
Match each member of the education industry against their job profile.

Answers

Answer:The first one is teacher assistant, the second one is school principal, the third one is registar and financial aid counselor.

Explanation:

Can anyone help me please????

Answers

A business owner who pays his workers minimum wage to increase profits

How comparing the bone structure of fossils with current animal species support the theory of evolution

Answers

Answer is in this page
Brainly

What is a vassal ? And what is a Divine Righy Theroy​

Answers

Answer:

The description of the given question is described in the explanation portion below.

Explanation:

Vassal:

Through the feudal era, where someone receives protection as well as property via a sovereign throughout the exchange for loyalty, army, and other responsibilities or somebody else inferior, is defined as Vassal.

Divine Right Theory:

The ruler's privilege to operate while laid down either by the government doctrine that perhaps a monarchy or the king is enjoyed god's image not even by the population or the citizens.

Hannah, age 55, was in a major car accident 20 years ago during a cross-country trip. Ever since she has been unable to drive on major highways. Although she does drive, she goes to great lengths to travel only on back roads and scenic routes. She is able to go where she wants but it often takes her much longer to get there than it should.
Hannah may have developed __________.

Answers

Answer:

PTSD

Explanation:

The Constitution is silent on the subject of the acquisition of territory.

a. True
b. False

Answers

Answer:

true

Explanation:

James Elliot, Federalist, Vermont: The Constitution is silent on the subject of the acquisition of territory. By the treaty we acquire territory; therefore the treaty is unconstitutional. ... This acquisition of distant territory will involve the necessity of a considerable standing army, so justly an object of terror.

The American government attempted to purchase Texas from Mexico, prior to the battle of the Alamo
Please select the best answer from the choices provided
от
Save and Exit
Sum
Mark this and return

Answers

Answer:

false

Explanation:

I am probably wrong but that is my answer

During the French colonial period, why were African slaves in Louisiana able to keep some of their traditional culture? Select the two correct answers.



They practiced Voodoo.


They came from the same region of Africa.


Most arrived in the state within a short period of time.


They all came from Haiti.


They learned to speak French in Africa.

Answers

Answer:

The second and the last option

Identity the sample size of the study

Answers

What do you meanwher it is

1. How is it possible for BlackBerry's revenue to decrease but its profit to
increase?
2. Doesn't BlackBerry have to maximize its revenue to maximize its profit?
Briefly explain.

What is the

Answers

Explanation:

guess

1. they charge more so sell less

2. no they can charge more

make it into like a luxury product

What president died recently?

Answers

Answer:

pranab mukherjee

Explanation:

recently died

Answer:john mangfuli tanzania

Explanation:

Choose the common nouns in this list.



tired

California

Rocky Mountains

bakery

drown

sword

bottle

climber

policeman

newspaper

joyful

hurry

Help Asap!

Answers

Mountain, is the common noun,

Which of the following is one of the Sahel countries? (choose one)
a. Chad
b. Sudan
c. Central African Republic
d. Egypt

Answers

I think Sudan.

Explanation: sorry if I’m wrong

Answer:

b. sudan

Explanation:

Which two of the following are examples of checks and balances in the legislative process?

Answers

Answer:is that the president can veto any bill passed by Congress, but a two-thirds vote in Congress can override the veto. Other examples include: The House of Representatives has sole power of impeachment, but the Senate has all power to try any impeachment.

Explanation:

A constitutional monarchy is an example of a totalitarian government.
True

False

Answers

true but i did it too soon i did he was like a little bit more like he

What word was better describes people with shared customs language or background
ethnic group
immigrant
multicultural
population

Answers

Answer:

ethnic group

Explanation:

Ethnic group, a social group or category of the population that, in a larger society, is set apart and bound together by common ties of race, language, nationality, or culture. Ethnic group. key people

The word that better describes people with shared customs, language or background is ethnic group. Thus option (A) is correct.

What is ethnic group?

An ethnic group is a group of people who share a common culture, history, language, or other characteristics that distinguish them from other groups. Ethnicity is often based on factors such as nationality, ancestry, religion, and social customs.

Ethnic groups can be found in various regions of the world. The study of ethnic groups is an important area of research in social science, and understanding the dynamics and relationships between different ethnic groups is crucial for promoting social harmony and cultural diversity.

The ethnic group is a word that better describes people with shared customs language or background. Therefore, option (A) is correct.

Learn more about ethnic group here:

https://brainly.com/question/29775634

#SPJ3

Ayumi, an 8-year-old working through a depression, tells her therapist that the other day when she came back from the classroom after having gone to the bathroom, none of the kids even looked at her when she walked in the door. She said it proved that no one liked her or cared about her. Her therapist asked her whether there was anything else that might have explained their behavior--for instance, were they all working on a math worksheet when she came in? Her therapist is helping Ayumi engage in which of the following?

a. What's the Evidence?
b. Alternative Interpretations
c. What If?
d. Psyching Up

Answers

Answer:

The answer is A!! :)

Explanation:

The thing which Ayumi's psychologist is engaging in when he asks her the other possible things her classmates were doing when she came in that no one looked at her is called:

B. Alternative Interpretations

According to the given question, we are asked to state the thing which Ayumi's psychologist is engaging in when he asks her the other possible things her classmates were doing when she came in that no one looked at her

As a result of this, we can see that Alternative Interpretations has to do with the use of different possible explanations to find the cause of why something happened and it was used when the therapist asked if her classmates were looking at a math worksheet instead.

Therefore, the correct answer is option B

Read more about Alternative Interpretations here:

https://brainly.com/question/9215465

Why were the Americans interested in California

Answers

Answer: Gold

Explanation: Americans were interested in California because they discovered gold in California in 1848, leading to the gold rush of 1849.

The right to own a gun is today considered fundamental to many in the United States. While the Second Amendment to the Constitution is often considered the origin of this ideal, it actually was instituted by elites as one of many special "white rights" to ensure cooperation against rebellions and subsequently became part of

Answers

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

The right to own a gun is today considered fundamental to many in the United States. While the Second Amendment to the Constitution is often considered the origin of this ideal, it actually was instituted by elites as one of many special "white rights" to ensure cooperation against rebellions and subsequently became part of white privileges.

And this topic has become a difficult issue that is part of the daily political debate in United States Politics. Since there have been many events involving weapons and shootings in public places such as supermarkets, school premises, or in the streets, a new tense debate has been created between people that support much stronger legislation to regulate the uses of guns and the people that supports light legislation to carry guns because they think is a Constitutional right.

help me (again) I'm timed!! I'll give brainliest to whoever answer first and gets it right I promise

Answers

That's the Murray river. remember to put questions like this in geography


4. When the Republican Party was formed, its members were most strongly committed to
O A. avoiding a civil war by compromising with the South
O B. preventing the spread of slavery into new territories
O c. adopting a constitutional amendment to end slavery
OD. preserving the balance between free and slave states

Answers

Answer:

Option B

Explanation:

The Republican Party was not in favor of extending slavery into new territories and hence they were strongly committed to it.

And this is the reason why Kansas-Nebraska Act gained controversy as it was giving rights to the city dwellers to permit slavery in their respective territories  in lieu of a vote.

Hence, option B is correct

Prior to European colonization, Australia's Aboriginal people were unhealthy and lived in poverty. True Or False..?

Answers

Answer:

true I believe do good luck

Answer:

I think it is true

Explanation:

How do other countries view ethnicity?

How has socioeconomic status changed around the world?

Answers

Answer:

Explanation:

https://www.ncbi.nlm.nih.gov/books/NBK222826/

Go to this link. Hope it helps

40 N 95 W what is the longitude and latitude

Answers

Answer:

north pole

Explanation:

What are the most significant effects of deforestation on humans ?

Answers

Answer:

less of a divide of wildlife. Animals encroaching on to cityies and towns spread of diseases such as ebola that came from a bat and bite a worker to was cutting down trees . Also global warming changing the temperature causing fewer crops also rising sea levels that cause flooding leading to the loss of crops/towns

13. Which cooking method is best for mature birds?​

Answers

Young poultry is best for roasting, broiling, and frying. Older poultry requires braising or stewing methods. Either way, slow, even heat should be used for tender, juicy, evenly done poultry.

Can anyone help me with this? Government

Answers

The correct answer is D. It provides owners with a strong incentive to develop and use assets in ways that others value highly.

Explanation

Private property is a concept used in the field of economics to refer to the right of an individual or organization to independently own and control a good. This allows homeowners to use these means to promote their economic prosperity. In general, private property refers to the means of production or transformation of raw materials that give added value to objects. So the correct answer is D. It provides owners with a strong incentive to develop and use assets in ways that others value highly.

Other Questions
I need help asap.... What sentence is used incorrectly? Which Epistles (letters) were written by Paul from Rome? (select all that apply)First CorinthiansGalatiansColossiansEphesiansSecond CorinthiansPhilemonPhilippiansFirst TimothySecond Timothy solve the compound inequality pls help will give 20 points and brainliest!!! im desperate!! Am I correct on these two Michael has 27 keys, which is 3 times as many as Rachel. Rachel has 8 more keys than Ann. How many keys does Annhave? What is the value of the median in the set of data represented by the following box-and-whisker plot? A. 10B.15C.14D.15.5 Determine whether the two expressions are equivalent2(3c + 2) - 2c and 4c + 2 No links. I will give brainliest. Giving ALOT of points for thisOn Friday, three friends shared how much they read during the week.Barbara read the first 100 pages from a 320-page in the last 4 daysJudy read the first 54 pages from a 260-page book in the last 3 days.Nancy read the first 160 pages from a 480-page book in the last 5 daysPart AA persons average reading rate can be defined as the number of pages read divided by the number of days. Place the three friends reading rates in order from greatest to least(Show all work) What is 1/3 of 8 1/4 An electromagnetic wave has a frequency of 1.0 x 10^5. What is the wavelength of the wave? Eva received a 20% discount when she bought a sweater. The original price of the sweater before the discount was $80. Which was the discount on Eva's sweater? In your own words! Give me an example of Digital Literacy? (50 wordsNo links or I will report!!!!!!! A polling agency reported that the proportion of 12th grade students who are engaged is 0.34. Engagement is defined as students' involvement and enthusiasm with school. The superintendent of one high school district believes the engagement of her students is higher than the proportion reported. She randomly surveys 90 of the 3600 students in the district and finds that 38 reported being engaged in school. Required:a. What type of variable is "engaged"?b. What is the sample proportion of students in this high school district who are engaged? What is the area of this figure??? Is the underlined word a participle or a verb?The children were riding the pony at the party Question 10:Find the cosine of angle J.28JN PLZ NO LINKS!! THIS HAS TO DO WITH THE TRUMAN SHOWConsider yourself in Trumans position. If presented with the choice to remain in Seahaven, a place where you have been promised that you have nothing to fear, or to enter into another world that you know little or nothing about, which would you choose?