2 Natural ResourcesMaterials in the natural environment that people value and use to satisfy their needs.In this class we are interested in….How people use world resources.Where resources are located.How resources are distributed.
3 Natural ResourcesMaterials in the natural environment that people value and use to satisfy their needs and wants.Give some examples of natural resources you use on a daily basis.Now… how would you need to adjust if that resource was no longer available?
4 Renewable ResourcesRegenerated or replaced by the environment
5 Renewable energy sources Geothermal Energy: produced from the earth’s internal heat
6 Nonrenewable Resource Cannot be replaced once used
7 Energy SourcesFossil Fuels: formed by ancient plant and animal remains (over millions of years)Unevenly spread around the worldLikely to run outCauses pollution
16 Economic Activities2. Secondary Economic Activities: people use raw materials to produce new products of greater valueExamples: pressing wheat to make flour, manufacturingCottage Industry VS Commercial Industry
17 Economic Activities3. Tertiary Economic Activities: do not directly gather or process raw materials – instead they pursue activities that serve othersExamples: doctors, salespeople, truck drivers, firefighters, police
18 Economic Activities4. Quaternary Economic Activities: acquisition, processing, and sharing of informationExamples: education, government, information processing, research, Lawyers
23 Discuss with a partnerWhat is the difference between a primary and a secondary economic activity?What is a natural resource?What is the difference between renewable and non renewable?What are some things countries are doing to prepare for a future with less oil?
32 Economic Systems1. Traditional Economy – families produce what they need - (personal use/little trade)
33 Economic Systems2. Market Economy – (Free enterprise) – Capitalism (United States)Private individuals/groups decide what to produce, how much to produce, and at what priceLaw of supply and demand
34 Economic SystemsCommand Economy – controlled by a single, central governmentEconomic decisions made by government leadersDecisions made to achieve social or political goals (Communism)
35 Economic Systems Mixed Economy – mixture of all three Socialism Government should run some industriesGovernment should provide some goods and servicesTo pay for services, usually impose high taxes
36 Why is it so difficult for these different systems to exist side by side in the global economy?
37 Read and answer Read pages 115 – 119 Answer the following section 2 assessment questions from page 119.2, 3, 4
38 Discuss these with a partner What factors affect the location of different types of economic activities?How does the distribution of resources affect global trade patterns?How do GDP and standard of living differ between the developed and developing nations?
39 What factors affect the location of different types of economic activities? Primary can be found where natural resources can be gathered.Secondary will be found near raw materials, a market to buy the goods and near a labor force.Tertiary is near people who need the service.Quaternary will be found in modern economies and tend to be near a skilled work force.
40 How does the distribution of resources affect global trade patterns? Countries export what they have in abundance and seek out imports of the items they lack.
41 How do GDP and standard of living differ between the developed and developing nations? Developed has a high standard of living and stronger GDP’s than the developing world.
43 Quiz (16 points) Define the term natural resource. What is geothermal energy?Compare and contrast renewable and nonrenewable resources.List the 4 economic activitiesIs having a Deficit a bad thing when it comes to trade?What factors impact the location of different types of economic activities?How does the distribution of resources impact global trade patterns?