Economic Activity. Types of Economic Activities. Primary Economic Activity. Fishing- tuna fishing Forestry Mining/drilling Agriculture (based on land and climate) 50% of less developed countries 15-20% newly industrialized <8% of developed countries
What are some examples of manufacturing in the United States? In what regions? Cities?
The Service Industries
Collecting, processing and distributing information
Limited modern technology
Dependent on developed countries for manufactured goods.
GDP per capita: ~$1000
Mostly primary and secondary eco. activitiesStages of Economic Activity
USA 1.1% Agriculture (primary)
Mexico(Newly Indust) 13% Agric, 24% Manuf., 63% Service
Bangladesh 18% Agric,28% Manuf., 52% Service
Zimbabwe(less developed) 66% Agric,
10% manu., 24% Service
Literacy rateStandard of Living(Daily Life)- look at all these things
Compare a contractor with a hammer and nail to one with lumber, a toolset and backhoe.
Which one represents the less developed country?
Which one represents the developed country?
What will be produced?
How much will be produced?
How will it be distributed?
What will it cost?
Total government control