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Levels of Economic Activity

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posted:
10/26/2011
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Levels of Economic Activity

Table of Contents

Date Title Lesson #

9/16 Cover Page 10

9/16 Political Systems 11

9/18 Economics 12

9/21 Economic Systems 13

9/22 Levels of Economic Activity 14



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







Task  Write three economic activities next to

Examples: in your notebook.

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

• PRIMARY - Process of

extracting (getting)

natural resources.



• Any country can extract

their natural resources.



• Example  Ozarka

extracts water from a

well.





Water Well

• 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.

Water Production – Is this a primary or secondary activity?

• TERTIARY - Providing professional services

and the services required to distribute the

products.



• Example  Kroger sells you and I the water.

• 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

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.

Today’s Challenge – Economic Levels of

Activity Outline

• Who can create the best

plan and economic activity

outline for his/her Example

company? 1. Resource: Water



• Choose a natural resource. 2. Product: Bottled

Water

• Determine what product

you will produce. 3. Company Name:

• Create a name for your Orsarka

company. 4. Complete the

• Complete the chart on the chart on the green

green piece of paper for page.

your natural resource.

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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