Extractive industries may also be denominated as primary industries.
Primary industries are those that extract or harvest natural resources from the earth, such as mining, forestry, agriculture, and fishing. Extractive industries are a subset of primary industries that specifically involve the extraction of non-renewable resources, such as oil, gas, and minerals, from the earth.
In extractive industries, companies extract raw materials from the earth and then process and refine them into products that can be sold and used in various industries. These industries are often characterized by large-scale operations and significant environmental impacts, as the extraction and processing of natural resources can have a significant impact on the surrounding environment and communities.
Overall, extractive industries are an important part of the global economy, as they provide the raw materials necessary for many other industries to function. However, they also face significant challenges in terms of sustainability, environmental impact, and social responsibility.