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Levels of Economic Activity
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Primary Economic Activities
Collection of raw materials
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Primary:Example
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Primary:Example
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Primary:Example
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Primary:Example
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Primary: Example
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Primary: Example
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Primary: Locational Factors
Must be located near to natural resources
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Less Developed countries have economies dominated by primary economic activities
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Secondary Economic Activities
Adding value to raw materials by making them more useful
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Secondary: Example
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Secondary: Example
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Secondary: Examples
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Secondary: Examples
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Secondary: Examples
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Secondary: Locational Factors
Easy access to raw materials, energy sources, labor pool and markets
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Infrastructure Basic support system needed to form a successful economy. Power, communications, transportation, water, sanitation, education
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Tertiary Economic Activities
Provide services
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Tertiary: Example
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Tertiary: Example
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Tertiary: Example
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Tertiary: Example
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Tertiary: Example
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Tertiary: Example
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Tertiary: Locational Factors
Proximity to markets (located close to people that need your services)
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Quaternary: Definition
Analyzing and dissemination of information
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Quaternary: Example Stock market analysis
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Quaternary: Example Insurance Actuary
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Quaternary: Locational Factors
Good infrastructure and skilled labor
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What is important to understand about this?
You can tell how developed a country is by what the most common economic activities that take place. Less developed countries have mostly primary economic activities More developed countries have mostly tertiary economic activities
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