Levels of Economic Activity & ppt

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Levels of Economic Activity
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.
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
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
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.
Water Production – Is this a primary or secondary activity?
Tertiary Level
• Providing professional services and the
services required to distribute the products.
• Example  Kroger sells you and I the water.
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
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
Picture
Tomato
Level
Primary
Primary, Secondary, Tertiary, or
Quaternary?
Primary, Secondary, Tertiary, or
Quaternary?
Primary, Secondary, Tertiary, or
Quaternary?
Primary, Secondary, Tertiary, or
Quaternary?
Primary, Secondary, Tertiary, or
Quaternary?
Primary, Secondary, Tertiary, or
Quaternary?
Primary, Secondary, Tertiary, or
Quaternary?
Primary, Secondary, Tertiary, or
Quaternary?
Cotton
ready to
be
harvested.
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.
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?
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
Location Column - Potential
Choices
• Urban – inner-city, downtown, high
population
• Suburban – just outside of the city,
medium population
• Rural – countryside, low population
For Example:
Where would these three primary
activities occur?
• This chart is on your levels of economic
action plan worksheet.
Level
Primary
Secondary
Tertiary
Quaternary
Location
Why?
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.
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)
Conclusion – Final Interview
• What makes your plan the best?
• What is one weakness of your plan?
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