Transcript Types of Economic Activities

Types of Economic
Activities
Powerpoint Templates
Economic Development
Economic development refers to how
advanced an economy is. Economists and
geographers have found that a nation’s level
of economic development is often closely
tied to the types of economic activities its
people engage in.
Primary Economic Activities
• The most basic,
or primary,
economic
activities in all
societies involve
the production of
foods and the
extraction of
resources.
What are some examples of economic
activities that would be considered
primary?
Do you think a
country would be
considered more
or less developed
if it had a HIGH
level of primary
economic
activities?
Explain your
answer.
Secondary Economic Activities
Examples of
secondary
economic activities
would be a log
being cut into
wooden planks and
then made into
furniture or iron
ore changed into
steel and then
made into rail road
tracks.
What is another
example of a secondary
economic activity?
The manufacture and
production of goods
(like making textiles
and furniture) is
considered the
secondary level of
economic activity.
Secondary economic
activities add value to
raw materials by
processing them or
by changing their
form.
Is it important
that a country
has an equal
percentage of
people
participating in
each level of
economic
activity?
Why or why not?
Tertiary economic
activities deal with
services. Services
include occupations such
as a teacher, nurse,
doctor, accountant,
retailer, truck driver or
musician.
In the US, more than
80% of the labor force
are tertiary workers.
They perform some form
of service rather than
producing a good.
What countries do
you think would have
a high level of people
employed at the
quaternary economic
level?
What are some
countries that would
have low percentages
of people employed at
the quaternary level?
Quaternary
activities consist of
those involving
information
processing and
management.
Occupations in this
category would
include computer
programmers or
the general
manager of a
company.
Putting it all together
What would be an example of a quaternary activity in the
pencil example above?
Let’s see what you
know….
Use your fingers to show whether the
image is primary, secondary, tertiary or
quaternary.
Primary
Secondary
Tertiary
Quaternary
What’s the connection between
a country’s level of development
and the types of economic
activities taking place?
In a “less developed” country…
• Most people are engaged in primary economic
activities, such as agriculture or mining.
• Many of the people engage in subsistence
farming or work for large-scale, commercial
farming operations.
Why would being engaged
in primary economic
activities be an indicator of a
less developed country?
What is
subsistence
farming?
In a “newly industrialized
country”…
• Many of the people are engaged in secondary
economic activities, such as manufacturing
products or automobiles to be exported.
• Some newly industrialized countries include
China and Thailand.
What could be a cause of so many manufacturing
businesses taking place in newly industrialized
countries?
In a “more developed country”…
• The majority of workers are engaged in
tertiary or quaternary activities.
• Most people provide services or process
information.
• The US and France are examples of more
developed countries.
Where would a more developed country (with the
majority of workers performing tertiary and quaternary
activities) fall on the Human Development Index?
Explain your answer.
Chapter Study Cards
• Human Development Index –
•
Levels of Economic Development
–
– Demographic Data
•
•
•
– Economic Data
•
•
– Social Data
•
Less Developed Nations
•
•
•
–
–
Newly Industrialized
More Developed Nations
•
•
•
• Economic Activities
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–
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–
Primary
Secondary
Tertiary
Quaternary