Download Political and Economic Activity

Economic Activity
Interactive Student Notebook
ISN-R
1. Primary Economic Activity
Primary Industries:
Gathering raw
material such as
timber for
immediate use
or to use in the
making of a final
product. Examples:
Petroleum
Pan for Gold
Coal Mining
Fishing
Cotton
2. Secondary Economic Activity
Secondary Economic Activity:
Adding value to materials by changing
their form. Examples:
Examples:
Automobile Factory
Textile Mill
Furniture Manufacturing
3. Tertiary Economic Activity
Salespeople
Tertiary Economic Activity:
Providing
business or
professional
services.
Examples:
Teachers
Doctors
4. Quaternary Economic Activity
Quaternary Economic Activity:
Information, management, and
research services by highlytrained persons. Examples:
TV, radio, computer advertising
Stock market and banking
5. Natural Resources
Forests
Natural Resources:
The materials on or in
the earth that have
economic value.
Society must have the
technology to
transform those
resources in to goods.
Fish
6. Infrastructure
Infrastructure:
The basic support systems needed to keep an
economy going, including power, water,
communications, transportation, sanitation,
and education systems. The more
sophisticated the infrastructure, the more
developed the country.
7. Per Capita Income
Per Capita income:
The average
amount of money
earned by each
person in a
political unit,
used to compare
economic
standards. Example:
Per Capita Income
$40,000
$35,000
$30,000
$25,000
California
Texas
$20,000
New York
$15,000
Mississippi
$10,000
$5,000
$0
1999
2009
8. Gross National Product
Gross National Product:
GNP: statistic used to measure the economy
of a country, the total value of all goods and
services produced by a country over a year or
some other specified period of time.
??
“I only wear
American
made shoes!”
??
MADE IN TAIWAN
9. Gross Domestic Product
Gross Domestic Product:
GDP: the total
value of all goods
and services
produced within a
country in a given
period of time.
American owned
American manufactured
American profit$$$$$$
Ford and Chevy Trucks
10. Developed Nation
Developed Nation:
Countries with a high per capita income and
varied economy, especially with quaternary
activities such as computer software
development. Western European nations
have highly developed economies. Examples:
Australia
Japan
11. Developing Nation
Developing Nation:
Nations that have a low GDP and limited
development on all levels of economic
activities. These countries lack an
industrial base and struggle to provide
their residents with items to meet their
basic needs. Examples:
Bangladesh
Malawi