Sectors of the Economy!.

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Sectors of the economy!.
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Presentation transcript:

Sectors of the Economy!

Review! Primary Sector: most basic components of economy Activities revolve around getting raw materials from earth Secondary Sector: processing raw materials acquired through primary activities into finished products of greater value Activities revolve around factories and manufacturing Tertiary Sector: focuses on moving, selling and trading products made in primary and secondary levels Activities involve professional and financial institutions and services Quaternary Sector: involves information creation and transfer Activities assemble, distribute and process information

iPhone Example Primary – Mining the metal, drilling for oil to create synthetics Secondary – Manufacturing the processors, assembling the phone Tertiary – Apple Store selling phone Quarternary – Software development (app makers)

Which sector is it? Tertiary if you want to think of Judge Judy as entertainment; OR Quaternary if you want to think of it as the justice system

Which sector is it? Burger Bar is in tertiary sector as it is a fast food eatery.

When he’s beating up Nazis, I’m not sure which sector that is. Which sector is it? Indiana Jones teaching college is quaternary.

Which sector is it? This part of the butchering process is secondary sector because he’s making finished products out of raw materials. A butcher’s block where you can buy stuff would be tertiary.

Which sector is it? Coal mining is a primary sector activity or producing a television showcasing dirty jobs is a tertiary sector activity.

Which sector is it? Hunting is a primary sector activity, even if you kill Hogzilla.

Which sector is it? Karl Malone and John Stockton were part of the tertiary sector.

Which sector is it? Farming, even if it is done by the Man of Steel, is still part of the primary sector.

Which sector is it? It’s what FUN is . . . Also a tertiary sector member.

Which sector is it? Manufacturing is part of the secondary sector. Also, someone should manufacture clothes for the doll.

Which sector is it? Logging is a primary sector activity. TV = Tertiary

Which sector is it? Our Congressman, Rob Bishop, is part of the quaternary sector.

Which sector is it? Charles Schulze and his cartoons were part of the tertiary sector of the economy.

Which sector is it? Henry Ford’s Model T manufacturing plant is part of the secondary sector.

Which sector is it? Bill Nye, as a scientist, would be part of the quaternary sector. (or tertiary again if you want to go entertainment.)

Which sector is it? Making textiles is part of the secondary sector of the economy.

Which sector is it? Disneyland is part of the tertiary sector.

Which sector is it? Both advertising and insurance are part of the tertiary sector.