How do resources, products and trade affect a country’s standard of living?

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Presentation transcript:

How do resources, products and trade affect a country’s standard of living?

Standard of living: A level of material comfort as measured by the goods, services, and luxuries available to an individual, group, or nation.

Define the following vocabulary in your own words:

1st World may travel freely 2nd world must decide on a specific destination and you may not return 3rd World is too poor to travel 4th & 5th World do not have a way to travel outside the homeland

1.Did students in the First World have any leftover skittles? 2.Did they eat right away? 3.Did the First World share? 4.Did they spill or waste any skittles? 5.How did students divide up their resources? 6.Did anyone with extra candy offer to share theirs with a member of the 2nd or 3rd World Countries? 7.How did the 3rd World members feel watching the others enjoy their candy? 8.Do you see any parallels with real life?

First World countries are wealthier nations that consume most of the world’s resources. The United States, Canada, United Kingdom and France are examples of 1st World countries. Economic systems are based on capitalism/free enterprise and the nations are highly industrialized. Families in these countries tend to be small and money, status, and performing tasks with great speed is valued. Although these countries are rich, a significant portion of the population is still very poor.

Second World countries are less wealthy. They consume fewer goods, and have a moderate standard of living. Russia, China, and Poland are examples of 2nd World Countries. They typically have economies based on socialism. Industry in these countries is rapidly developing, and families tend to be small.

Third World countries are extremely poor. Mexico, Thailand, Indonesia and Uganda are examples of 3rd World countries. Poverty and hunger are common, families are larger and many children do not survive to adulthood. Large families mean more workers who can help the family survive.

Fourth and Fifth World countries are people that depend on nature for survival. The Brazilians that live in the Amazon Rainforest and tribal societies in Africa are examples of hunters and gatherers.