Levels of Economic Activity

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Economic Activity Levels

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Presentation transcript:

Levels of Economic Activity

Levels of Economic Activity Table of Contents Date Title Lesson # 9/16 Cover Page 10 Political Systems 11 9/18 Economics 12 9/21 Economic Systems 13 9/22 Levels of Economic Activity 14 1. Draw a line underneath your Economics page. 2. Write the title “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

Factories 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. Factories

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. Sales

Worldwide Bottled Water Consumption 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. Universities Worldwide Bottled Water Consumption

Directions: You are now done with the notes portion of the lesson. Pick up a green sheet on the table in front of my desk. Complete the activities on the following slides on the green sheet.

Today’s Challenge – Economic Levels of Activity Outline Who can create the best plan and economic activity outline for his/her company? Choose a natural resource. Determine what product you will produce. Create a name for your company. Complete the chart on the green piece of paper for your natural resource. Example 1. Resource: Water 2. Product: Bottled Water 3. Company Name: Orsarka 4. Complete the chart on the green page.

Natural Resources If you are struggling, choose from the list below. Oil - Corn Fishing - Diamonds Tomatoes - Cattle Wheat - Trees Tobacco You may also come up with your own natural resource, but get it approved by me first. What is one product (good) you can make from your natural resource?