A primary economic driver is the key factor or force that primarily influences and shapes an economy. It refers to the main activity, industry, or resource that generates significant income, employment, and economic growth.
Related terms
Mercantilism: Mercantilism was an economic system in which nations sought to increase their wealth by exporting more than they imported and accumulating precious metals.
Cash Crop: Cash crops are agricultural products that are grown specifically for sale rather than personal consumption. They often generate significant profits for farmers or plantation owners.
Trade: Trade involves the buying, selling, or exchange of goods or services between individuals, regions, or countries. It plays a crucial role in promoting economic growth and cultural exchange.