Economic Activity Levels

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Presentation transcript:

Economic Activity Levels

Economic Activity Levels There are four (4) levels of economic activities: Primary Secondary Tertiary Quaternary

Economic Activity Levels Primary Level Economic activities that use the Earth’s natural resources. Examples include farming, fishing, mining, oil drilling, etc.

Economic Activity Levels Secondary Level Economic activities that change primary materials into usable consumer products. “Less developed” countries begin to manufacture products from primary industries. Secondary industries mark an advancing economy in “less developed” countries. “More developed” countries have a well established industrial base.

Economic Activity Levels Tertiary Level provide services to primary, secondary industries, communities and individual consumers Found in countries where economies have reached a stage where selling a product or a service is a major part of the economy. These are generally found in “more developed” economies.

Economic Activity Levels Quaternary Level Economies have reached the technological level. People are involved in jobs such as information research, management and administration and have a mass consumption of goods and services. Found in countries with the highest level of economic development

Economic Activity Levels: Pencil Primary Level Resources needed to make a pencil: Wood Graphite (Lead) Rubber (Eraser) Metal Secondary Level Quaternary Level Tertiary Level

Economic Activity Levels: Pencil Primary Level Resources needed to make a pencil: Wood Graphite (Lead) Rubber (Eraser) Metal Secondary Level Putting the different resources that make up the pencil together at the factory Quaternary Level Tertiary Level

Economic Activity Levels: Pencil Primary Level Resources needed to make a pencil: Wood Graphite (Lead) Rubber (Eraser) Metal Secondary Level Putting the different resources that make up the pencil together at the factory Quaternary Level Tertiary Level Selling the pencil to consumers

Economic Activity Levels: Pencil Primary Level Natural Resources needed to make a pencil: Wood Graphite (Lead) Rubber (Eraser) Metal Secondary Level Putting the different resources that make up the pencil together at the factory Quaternary Level The CEO (leader) of the pencil company Researching and developing new types of pencils and better ways of making pencils Tertiary Level Selling the pencil to consumers

Office Manager Oil Drillers Cotton Farmers Doctor Policeman Nestle Frito-Lay Teacher Dole Apple Pickers Banana Growers Shepherds Nuclear Physicist Coca-Cola Coal Miners Actor Bank of America Peanut Farmers School Principal Cheese Processors Cocoa Farmers Radio Announcer Director of Personnel Steel Foundries Chicken Farmers Mrs. Bairds Bread

Fitness Instructor Kroger Dairy Farmers JIF Peanut Butter Document Librarian President of GM Dry Cleaner Zucchini Growers NASA Researcher Oil Refiners CEO of Disney Cattlemen Fishermen Geico Insurance Paper Manufacturers Bartender Electrician Cancer Researcher Roto-Rooter Diamond Miners Veterinarian Wheat Growers Pet Store Worker Tyson Textile Manufacturing Corn Growers Stock Broker