What data is used to measure a society’s economic level?

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Presentation transcript:

What data is used to measure a society’s economic level? Agriculture Wholesale Retail Manufacturing (goods) Service Industries

Agriculture Primary Industry Define: taking care of soil to grow crops and raise animals. Examples: Farming Livestock raising Livestock for food Meat Cheese, milk, yogurt Livestock for wool, leather https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcQyNyp2yWcwnAxSxpoaK-WfQr7Xq_Co0kYVE-8pc_aEE9opgLtsyg

Wholesale Tertiary Industry (Selling – service) Define: the selling of a large quantity of goods to be sold (retailed) by other stores. The factory sells their good to the wholesaler, who sells their goods to a store. Examples: Costco, Sam’s Club Restaurant Wholesalers Sally’s Beauty Supply https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcQ7W_1W1vgVGRUeLNH4r3MS2I7TP9obqlaA3C27_AGIMyzFr9xKXg

Retail Tertiary Industry (selling – service) Define: the sale of goods in small quantities to the public (consumer) Examples: HEB Aeropostale Hot Topic Amazon Wal-Mart https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcTN1RMMkmpZ5C2q4jYV1FvfCfZm6hnLEmnp3EOdrjRP3oDSE5Vb

Manufacturing (Goods) Secondary Industry Define: make something on a large scale using machinery. Examples: Clothing Packaged food (Cheetos, Takis) Shoes Cars Toys http://www.google.com/imgres?imgurl=http://pixabay.com/static/uploads/photo/2012/04/18/15/22/factory-37327_640.png&imgrefurl=http://pixabay.com/en/factory-building-manufacturing- 37327/&h=525&w=640&tbnid=TDzTtu1crEnfnM:&zoom=1&docid=GKYOh1wIgRHKOM&ei=A3IuVevCHcWisAXGu4HIDw&tbm=isch&ved=0CEoQMygmMCY

Service Industries Tertiary Industry and Quaternary Industry Define: something that someone does in exchange for money Examples: Selling items (retail) Hair Salons Personal Trainer Accountant Doctor Teacher http://www.google.com/imgres?imgurl=http://pixabay.com/static/uploads/photo/2014/03/24/13/42/police-294107_640.png&imgrefurl=http://pixabay.com/en/police-service-officer-arrest- 294107/&h=640&w=475&tbnid=fakxUF_8bI9-iM:&zoom=1&docid=x8UpsL7de6kqAM&ei=jHIuVZnFA4u5sAWp54KQDA&tbm=isch&ved=0CFMQMygvMC8

Indicators of a society’s economic development Life Expectancy Gross Domestic Product (GDP) GDP per capita Literacy Rate

Life expectancy How long you are expected to live based on your current age, gender, and where you are from.

Life expectancy

Life expectancy

Cia.gov https://www.cia.gov/library/publications/the-world- factbook/rankorder/2102rank.html

Gross Domestic Product The value of all the goods and services a country makes in one year.

Gross Domestic Product, California, 2008 http://upload.wikimedia.org/wikipedia/commons/3/31/Gross_Domestic_Product_of_California_2008_%28millions_of_current_dollars%29.svg

GDP, South Africa, 2012 http://www.statssa.gov.za/?p=903

GDP per capita The value of all the goods and services made in a country, in one year, per person as an average. Useful to compare different countries and their standard of living.

Per capita gross domestic product (GDP) average annual growth, 1990–2003 http://www.grida.no/graphicslib/thumbs/1805c933-493c-4b85-be16-ad06eb342332/large/per-capita-gross-domestic-product-gdp-average-annual-growth-19902003_15cf.jpg

Literacy Rate Literacy is the ability to read and write. The literacy rate of a country tells you the percentage of people who can read and write in that country. https://www.cia.gov/library/publications/resources/the-world- factbook/