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Levels of Economic Activity

Levels of Economic Activity. Table of Contents. 1. Draw a line underneath your Economics page. 2. Write the title “Levels of Economic Activity”. Economic Activities  activities that create products that are bought or sold. Examples: Fishing.

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Levels of Economic Activity

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  1. Levels of Economic Activity

  2. Table of Contents 1. Draw a line underneath your Economics page. 2. Write the title “Levels of Economic Activity”

  3. Economic Activities activities that create products that are bought or sold. • Examples: Fishing Task  Write three economic activities next to Examples: in your notebook.

  4. Four Levels of Economic Activity • Rich countries have 4 Levels of Economic Activity. • Poor countries do not have 4 levels. Four Levels of Economic Activity 1. Primary 2. Secondary 3. Tertiary 4. Quaternary

  5. PRIMARY - Process of extracting (getting) natural resources. • Any country can extract their natural resources. • Example  Ozarka extracts water from a well. Water Well

  6. Factories • SECONDARY – creating products out of the natural resource • 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 - Providing professional services and the services required to distribute the products. • Example  Kroger sells you and I the water. Sales

  9. QUATERNARY - Process of STUDYING a product research to improve on its production. Example  Ozarka uses data from Utah State’s Water Research lab to increase their product’s purity. Worldwide Bottled Water Consumption Universities

  10. Directions: • You are now done with the notes portion of the lesson. • Pick up a green sheet on the table in front of my desk. • Complete the activities on the following slides on the green sheet.

  11. Today’s Challenge – Economic Levels of Activity Outline • Who can create the best plan and economic activity outline for his/her company? • Choose a natural resource. • Determine what product you will produce. • Create a name for your company. • Complete the chart on the green piece of paper for your natural resource. Example 1. Resource: Water 2. Product: Bottled Water 3. Company Name: Orsarka 4. Complete the chart on the green page.

  12. Natural Resources • If you are struggling, choose 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?

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