Transcript WG DAY 34 Economic Geo Test Day

GET OUT YOUR STUDY GUIDE!!!! And check
your answers….
The process where manufacturing
becomes based on machines
Connections around the world increase and
cultures become more alike
Resources that come from nature, natural
Examples: water, trees, soil, animals
Any asset used to produce a good or service
TEST TODAY!!!!
Examples: Hammer, Saw, Car, Tractor, Truck
A person providing a labor or a service and
includes his/her skills or abilities
Examples: Skilled worker, farmer, doctor
Make direct use of natural resources.
Mining, farming, forestry, and
logging.
Manufacturing of raw materials into
finished goods.
Steel Mills, Automobile Assembly,
Sawmills, Furniture
Resource Depletion
Environmental Degradation
Health Problems
Production of Goods and Services
Employment Opportunities
Development of Technologies
NAFTA, OPEC, EU, ASEAN
Only primary industry
Literacy rate <50%
Per capita GDP <$1,000
Life expectancy <55 years
High literacy rate (80%+)
Strong infrastructure and communications
High per capita GDP ($16,000+)
Strong education system
The total value of goods and services
created within a country
Countries will export goods and services that they can
produce at lower relative costs than other countries
-Each person on the team WILL ANSWER
A QUESTION we will rotate!
-You may ask your teammates for help
A QUICK REVIEW….
of Economic Geography!
Energy Resources
• Any potential point of energy
Natural Resources
• Any type of resource that occurs naturally on
earth.
• A natural substance is called a resource if and
when it becomes useful to humans
Human Resources
• A person providing a labor or a service and
includes his/her skills or abilities
Capital Resources
Any asset used to produce a good or service
Man made
Resources Influence Economics!
• Areas with vast resources generally see
higher levels of economic activity.
• Countries develop based on their
resources.
Resources Influence Economics!
• The world’s major cities are almost all
located in Middle Latitude Belts.
• New York, Washington, Los Angeles
• London, Paris, Rome
• Beijing, Tokyo
• Highest Economic Activity = Combination of
Natural, Human, and Capital Resources.
Different Resources=
Different Levels of Development
• Countries with few resources often have little
economic activity.
• Countries with the most resources have the most
economic activity.
• These countries can be organized into three levels:
Primary, Secondary, Tertiary.
Different Resources
=
Different Levels of Development
Tertiary
Secondary
Primary
Different Resources
=
Different Levels of Development
Highest Income
$$$$$$$$$$
Moderate Income
$$$$$$$$
Lowest Income
$$$$$
Levels of Economic Activity
• Primary industries
– Make direct use of natural resources.
– Mining, farming, forestry, and logging.
Levels of Economic Activity
• Secondary industries
– Manufacturing of raw materials into finished
goods.
– Steel Mills, Automobile Assembly, Sawmills,
Furniture
Levels of Economic Activity
• Tertiary industries
– Selling of products and provide services.
– Professionals who provide specialized skills.
– Sales and retail; truck drivers, plumbers, bank tellers and
mechanics
– Doctors, lawyers, architects
Tertiary
Secondary
Primary
Pros to using Resources(Benefits)
• Production of Goods and Services
• Employment Opportunities
• Development of Technologies
Cons (Costs)
• Resource Depletion
• Environmental Degradation
• Health Problems
Developed Nations
• All industrial levels,
especially tertiary and
quaternary.
• Economic Development
– GDP per Capita
• Gross Domestic Product:
divided by total number of
citizens.
Characteristics
• High literacy rate (80%+)
• Strong infrastructure and
communications
• High per capita GDP
($16,000+)
• Strong education system
Characteristic Continued
• High life expectancy: (74+years old)
• More urban than rural population
• Low population growth
• Low infant mortality rate, and death rate.
Government and Economic System
• Free enterprise – the freedom of private
business to operate competitively for profit with
minimal government regulation.
• Democracy – government by the people
• Stability – not subject to sudden or extreme
change
Developing Nations
• Mainly primary and
secondary industries
• A nation that is not yet
developed, but is but
improving.
Characteristics: Developing
• Literacy rate (60%-80%)
• Per capita GDP ($1,001$15,999)
• Life expectancy (55-73
years)
Government and Economic
Systems
• Command economy – an economy that is planned and
controlled by a central administration.
• Communism – A system of government in which the
state plans and controls the economy and a single
party holds power.
• Unstable military or dictatorial government
Undeveloped Nations
• Only primary industry
• Literacy rate <50%
• Per capita GDP <$1,000
• Life expectancy <55 years
TEST TIME!!!
TEST TIME! TAKE
EVERYTHING OFF YOUR
DESK!!!!!!!!
When you are finished…
1. Complete the map found in the
front of your folder using your
textbook