2. Levels of Economic Activity

3. Economic Activities Economic Activities  any activity that creates a product that can be bought or sold. Examples: Fishing Task  Write three economic activities next to Examples: in your notebook.

4. Four Levels of Economic Activity Countries can have up to four levels of economic activity. But Not every country has all four levels. Four Levels of Economic Activity 1. Primary 2. Secondary 3. Tertiary 4. Quaternary

5. Primary Level Process of extracting natural resources. –Extracting = going and getting them, harvesting them Any country can extract their natural resources. Example  Ozarka extracts water out of the ground. Water Well

6. Secondary Level Adding value to natural resources and creating products. 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.

7. Water Production – Is this a primary or secondary activity?

8. Tertiary Level Providing professional services and the services required to distribute the products. Example  Kroger sells you and I the water.

9. Quaternary Level Process of STUDYING product research and improving on its production. Example  Ozarka uses data from Utah State’s Water Research lab to increase their product’s purity. Worldwide Bottled Water Consumption

10. Primary, Secondary, Tertiary, or Quaternary Game 1.I put up a picture. 2.Write the name of the picture and your answer on your sheet 3.Check answer after sound 4.Change answer if necessary PictureLevel TomatoPrimary

11. Primary, Secondary, Tertiary, or Quaternary?

18. Cotton ready to be harvested.

19. Today’s Challenge Who can create the richest company? Choose a natural resource. Determine what product you will produce. Create a name for your company. Complete the chart and questions on the Economic Action Plan worksheet Example 1. Resource: Water 2. Product: Bottled Water 3. Company Name: Orsarka 4. Complete the chart on the paper.

20. Groups Your team will be assigned a natural resource from the list below. –Oil- Corn –Fishing- Diamonds –Tomatoes- Cattle –Wheat- Trees –Tobacco –You may also come up with your own natural resource, but get it approved by me first. What is one product (good) you can make from your natural resource?

21. Location of Economic Activities - Why is that there? Then its your job as CEO to determine where to locate each Level of Economic Activity associated with your company and its product development. READ ONLY

22. Location Column - Potential Choices Urban – inner-city, downtown, high population Suburban – just outside of the city, medium population Rural – countryside, low population

23. For Example: Where would these three primary activities occur?

24. This chart is on your levels of economic action plan worksheet. LevelLocationWhy? Primary Secondary Tertiary Quaternary

25. Location of Economic Activities Plan On your Economic Action Plan worksheet, complete each row of the chart for the location of each Level of Economic Activity associated with your company. Suggestions: Middle Column: Choose rural, urban, and/or suburban. For Quaternary: Pick your favorite college. Explain how it will help your company.

26. Then you go global… In today’s economy you can’t be considered a major player unless you are selling your goods worldwide. Based on the upcoming information, your job is to research and choose which country you should focus your business on in the near future and why. (list provided)

27. Conclusion – Final Interview What makes your plan the best? What is one weakness of your plan?