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ECONOMIC GEOGRAPHY.

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Presentation on theme: "ECONOMIC GEOGRAPHY."— Presentation transcript:

1 ECONOMIC GEOGRAPHY

2 ECONOMICS ANSWERS 3 BASIC QUESTIONS:
WHAT AND HOW MANY GOODS AND SERVICES WILL BE PRODUCED? HOW WILLTHESE PRODUCTS BE PRODUCED? HOW WILL WEALTH FROM THE SALE BE DISTRIBUTED?

3 FOUR TYPES OF ECONOMIC SYSTEMS
TRADITIONAL COMMAND DEMAND MIXED

4 TRADITIONAL ECONOMY TRADITIONAL ECONOMIES RELY ON BARTER, WHERE GOODS
AND SERVICES ARE TRADED WITHOUT EXCHANGING MONEY

5

6 COMMAND ECONOMY Production of goods and services are determined by a central government Also called a PLANNED ECONOMY or COMMUNISM Consumers have no impact on the price or amount of goods produced Examples: China, Cuba, North Korea

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8 DEMAND ECONOMY ALSO CALLED A MARKET ECONOMY OR CAPITALISM
PRODUCTION OF GOODS AND SERVICES ARE DETERMINED BY DEMAND FROM CONSUMERS EXAMPLE: UNITED STATES

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10 EXAMPLES: SWEDEN, DENMARK,
MIXED ECONOMY COMBINATION OF DEMAND AND COMMAND ECONOMIES GOVERNMENT CONTROLS HEALTH CARE, INSURANCE, TRANSPORTATION AND OTHER SERVICES FOR THE PUBLIC GOOD EXAMPLES: SWEDEN, DENMARK, NORWAY

11 LEVELS OF ECONOMY ACTIVITIES
PRIMARY SECONDARY TERTIARY QUATERNARY

12 PRIMARY ACTIVITIES TAKE A RAW NATURAL RESOURCE
BUT DO NOT CHANGE THE FORM OF THAT RESOURCE EXAMPLES; FISHING, FARMING, LOGGING, MINING

13 SECONDARY ACTIVITIES TAKE THE RAW MATERIALS AND TURN THEM
INTO FINISHED PRODUCTS EXAMPLE: MANUFACTURING

14 TERTIARY ACTIVITIES MAKE NO PRODUCT, BUT PROVIDE SERVICES
EXAMPLES: TEACHERS, DOCTORS, SALESPERSONS, LAWYERS

15 QUATERNARY ACTIVITIES
PROVIDE INFORMATION, MANAGEMENT, RESEARCH SERVICES EXAMPLES: TECHNOLOGY, COMMUNICATIONS

16 NATURAL RESOURCES Renewable---Can be replaced trees, fish
Inexhaustible---Unlimited solar, geothermal, wind, tides Non-renewable--Cannot replaced metals, fossil fuels, gems

17 MEASURING ECONOMIC DATA
WHAT IS GNP? WHAT IS GDP? WHAT IS PER CAPITA GNP?

18 COMPARING ECONOMIC DATA
DEVELOPED NATIONS HAVE HIGH GNP AND HIGH DEVELOPMENT OF SECONDARY, TERTIARY, AND QUATERNARY ACTIVITIES DEVELOPING NATIONS HAVE LOW GNP AND HIGH LEVELS OF PRIMARY ACTIVITY, LOWER LEVELS OF SECONDARY ACTIVITIES


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