Levels of Economic Activity Economic Activities activities that
- Slides: 9
Levels of Economic Activity
• Economic Activities activities that create products that are bought or sold. – Examples: Fishing Task Write three economic activities next to Examples: in your notebook.
Four Levels of Economic Activity • Rich countries have 4 Levels of Economic Activity. • Poor countries do not have 4 levels. Four Levels of Economic Activity 1. Primary 2. Secondary 3. Tertiary 4. Quaternary
• PRIMARY - Process of extracting (getting) natural resources. • Any country can extract their natural resources. • Example Ozarka extracts water from a well. Water Well
• SECONDARY – creating products out of the natural resource • Example The Ozarka plant bottles and purifies the water they extracted. • Task Choose a natural resource. Create a real-life situation that shows that resource going from the primary level to the secondary level.
Water Production – Is this a primary or secondary activity?
• TERTIARY - Providing professional services and the services required to distribute the products. • Example Kroger sells you and I the water.
• QUATERNARY - Process of STUDYING a product research to improve on its production. • Example Ozarka uses data from Utah State’s Water Research lab to increase their product’s purity. Worldwide Bottled Water Consumption
Create a Cartoon of a Resources Journey Through the Levels of Economic Development • • • Pick a Natural resource. (It can be an agricultural product or mineral. ) Show its evolution as it is processed through the 4 levels of economic activity in a comic strip format. You need to include detail and effort. (the more the effort the higher the grade!)
- 4 levels of economic activity examples
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