Levels of Economic Activity

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Economic Activity Levels
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Presentation transcript:

Levels of Economic Activity

Economic Activities  activities that create products that are bought or sold. Examples: Fishing

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

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 drawn in your journal. You need to include detail and effort.)