Secondary Economic Activities – turn raw materials into goods

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Presentation transcript:

Primary Economic Activities – retrieval , collection production of raw materials/natural resources

Secondary Economic Activities – turn raw materials into goods

Tertiary Economic Activities – supply services to people

Quaternary Economic Activities – knowledge/research/management part of economy

Compare to development What does development mean? What does it look like? A less developed country will have a larger % of its workforce involved in primary sector of the economy. A more developed country will have a greater % of their workforce involved in the tertiary sector of the economy

Somalia by Economic Sector Percentage of People Employed In Primary 60.2% Secondary 7.4% Tertiary 32.5% Source: CIA World Factbook, 2009 Data Is Somalia more developed or less developed?

Japan by Economic Sector Percentage of People Employed In Primary 3.9% Secondary 26.2% Tertiary 69.8% Source: CIA World Factbook, 2009 Data Is Japan more developed or less developed?