1. UNIT 5

2. LEARNING OBJECTIVE  Student will be able to identify primary, secondary, and tertiary sector economies.

3. ECONOMIC ACTIVITIES: 3 MAIN TYPES  Primary Sector (Agriculture): Part of the economy that draws raw materials from the natural environment. The primary sector includes: agriculture, raising animals, fishing, forestry, and mining.  Largest in low-income & pre-industrial nations

5. ECONOMIC ACTIVITIES CONT…  Secondary Sector (Industry): part of the economy that transforms raw materials into manufactured goods.  Grows quickly as societies industrialize, and includes such operations as refining petroleum into gasoline and turning metals into tools

7. ECONOMIC ACTIVITIES CONT…  Tertiary Sector (Services): Part of the economy that involves services rather than goods.  Grows with industrialization and is dominate in post- industrial societies.  Countries where most people are no longer employed in industry  Examples of Tertiary: Construction, trade, finance, real estate, government, & transportation

8. ECONOMIC ACTIVITIES CONT…  Sub-Groups Under Tertiary  Quaternary Sector: Service jobs concerned with research and development, management and administration, and processing and disseminating information  Quinary Sector: High level decision making roles in large organizations.

9. VIDEO