A company that extracts raw lithium from salt flats operates in which sector of the economy?

Answer options:

Primary sector

Secondary sector

Tertiary sector

How to approach this question

Extraction of raw materials from the earth is the first stage of production, known as the primary sector.

Full Answer

A.Primary sector✓ Correct

The primary sector of the economy extracts or harvests products from the earth, such as raw materials and basic foods. Activities include mining, agriculture, forestry, and fishing.

Common mistakes

Thinking that because lithium is used in advanced tech, it's a secondary or tertiary activity.

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Practice the full ACCA BT — Business & Technology Practice Exam 6

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