Presentation on theme: "Economic Activity Levels"— Presentation transcript:
1 Economic Activity Levels In a society of little economic development, universal inactivity accompanies universal poverty. ~Ryszard Kapuscinski
2 Primary ActivitiesIndustries that take natural resources directly from the environment.The production of raw materials.Fishing, forestry, agriculture, mining, etc.
3 Secondary ActivitiesIndustries that use raw materials to produce something new & more valuable.Results in a finished, tangible product.manufacturing, processing, construction , electricity production, etc.
4 Tertiary ActivitiesIndustries that provide a service to people & businesses.Health care, sales, transportation, banking, entertainment, restaurants, clerical services, tourism, insurance, law, etc.
5 Quaternary Activities Industries providing information services.Involves the generation, processing, management & distribution of information.Research & development, consultation, education, media, & information technology.
6 Indicators of Economic Development Infrastructure- the framework of technical structures that support a societyCommunications networks, water supply, waste disposal, power grids, transportation, etc.
7 Indicators of Economic Development Industrialization- the transition from an agricultural society to one based on manufacturing & trade.
8 Indicators of Economic Development AgricultureGatherers & HerdersForaging for food & following herds of animalsNomadic- moving from place to place.This way of life is dying out.
9 Indicators of Economic Development Subsistence FarmingGrowing only enough food for one’s own family or village.Animals & people provide most of the labor; small plotsA majority of people in the world are involved in this type of agriculture.
10 Indicators of Economic Development Commercial FarmingCrops & livestock are raised to be sold.Farmers use modern techniques & equipment to be more productive; huge plots<10% of the population in industrialized countries