Preparing For The Future It is smart to get an idea of the kinds of goods & services in demand in the future in order to plan for your future employment. It is smart to get an idea of the kinds of goods & services in demand in the future in order to plan for your future employment. Some goods & services in the future may be: Some goods & services in the future may be: Health care/Vets, Alternative fuel sources, space mining, Oil, Garbage Recycling, programming and coding, information Tech, Elderly care….

Kinds of Jobs Economist categorize jobs in SECTORS Economist categorize jobs in SECTORS The four main sectors are Primary, Secondary, Tertiary, Quaternary. The four main sectors are Primary, Secondary, Tertiary, Quaternary. Primary- Involves harvesting or extracting natural resources. For example farming, fishing, forestry and mining. Primary- Involves harvesting or extracting natural resources. For example farming, fishing, forestry and mining. This work forms the base of economics for all societies. This work forms the base of economics for all societies.

Kinds of Jobs Secondary – This involves mostly construction or manufacturing. For example Building homes, packaging foods, carpentry, Office tower & bridges, Clothing, furniture In manufacturing raw materials harvested in the primary sector are used to make useful products.

Kinds of Jobs Tertiary – People in this sector provide services to others. For example doctors, government, bar tenders, entertainers, bus driver, mail person, IT repair, teachers, utilities (N.S. power, water, oil, natural gas/propane Quaternary – This sector deals with working with ideas and information. Some types of jobs would be: programming, medical research, science research (geologist, engineer), Physics, reporters, accountant, systems analyst, computer operator (tech repair), cosmetics research.

Diversified Economies An economic system that has a good balance of employment in all sectors. An economic system that has a good balance of employment in all sectors. Does not mean that each sector has the same number of jobs. Does not mean that each sector has the same number of jobs. Today a diversified economy has most jobs in the tertiary and quaternary sectors, with some in the secondary, and the fewest in the primary. Today a diversified economy has most jobs in the tertiary and quaternary sectors, with some in the secondary, and the fewest in the primary.

The Global View Today no country’s economy is separate from others. They are all connected in some way. For example transportation of goods and services is easy, trade amongst countries, tourism, internet. Today no country’s economy is separate from others. They are all connected in some way. For example transportation of goods and services is easy, trade amongst countries, tourism, internet. Trading with other countries gives us a much bigger market of products to consume, and more markets for our products to be sold. Thus improving our economy. Trading with other countries gives us a much bigger market of products to consume, and more markets for our products to be sold. Thus improving our economy.

The Global View Global trade can affect politics because different countries policies may differ on issues but they may not say anything to each other to keep trade happening. Global trade can affect politics because different countries policies may differ on issues but they may not say anything to each other to keep trade happening. Trend – A pattern of change over time. Trend – A pattern of change over time.

Forecasting the Future Forecast - This means to analyze information to see what things will be like in the future. For example forecast the weather, economic future.

Forecasting the Future Social Trends – Important ideas in society that start to shape the ways people do things. For example: In the early 1900’s people started making and using cars. In the 1950’s products such as T.V.’s, pop music/culture, washing machines became popular. In present time things such as fashion, technology, fast food/what we eat, global warming/environmental issues, alternative fuels, terrorism (security, bunkers, weapons, military, policing, boarder security), elderly population.

Demographics Are statistics about the makeup of a population. They include topics such as numbers of people in each age group, gender, single/married, where people live (rural/urban) Are statistics about the makeup of a population. They include topics such as numbers of people in each age group, gender, single/married, where people live (rural/urban) Looking at these statistics can help us understand economic trend for the future. For example our aging population could mean that there may be many jobs available in elderly care in the future. Looking at these statistics can help us understand economic trend for the future. For example our aging population could mean that there may be many jobs available in elderly care in the future.