powerpoint templates types of economic activities
TRANSCRIPT
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.
Economic Development
Primary Economic Activities
• The most basic, or primaryprimary, 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
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.
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?
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.
Is it important that a country has an equal
percentage of people
participating in each level of
economic activity?
Why or why not?
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.
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?
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.
What is subsistence
farming?
Why would being engaged in primary economic
activities be an indicator of a less developed country?
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 –
– Demographic Data• • •
– Economic Data• •
– Social Data•
• Levels of Economic Development– Less Developed Nations
• • •
– Newly Industrialized– More Developed Nations
• • •
• Economic Activities– Primary – Secondary– Tertiary– Quaternary