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Levels of Economic Activity

Levels of Economic Activity. Economic Activities  activities that create products that are bought or sold. Examples: Fishing. 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

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Levels of Economic Activity

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  1. Levels of Economic Activity

  2. Economic Activities activities that create products that are bought or sold. • Examples: Fishing

  3. 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

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

  5. 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.

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

  7. TERTIARY - Providing professional services and the services required to distribute the products. • Example  Kroger sells you and I the water. Sales

  8. 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

  9. Create a Cartoon of a Resources Journey Through the Levels of Economic Development • Pick a Natural resource. (It can be an agricultural product or mineral.) • Show its evolution as it is processed through the 4 levels of economic activity in a comic strip format drawn in your journal. • You need to include detail and effort.)

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