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Unit 5

Unit 5. Learning OBjective. Student will be able to identify primary, secondary, and tertiary sector economies. . Economic Activities: 3 Main Types.

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Unit 5

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  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

  4. 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

  5. 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

  6. 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.

  7. Video • http://www.youtube.com/watch?v=s2wxlWfiRAk

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