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Levels of economic activities

Levels of economic activities. Just remember the POTATO…. Primary Activities. Getting the raw materials for immediate use or in the making of a final product. fishing, farming, timber, mining. Don’t be a potato farmer!. Subsistence Agriculture vs. Commercial Agriculture.

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Levels of economic activities

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  1. Levels of economic activities • Just remember the POTATO…

  2. Primary Activities • Getting the raw materials for immediate use or in the making of a final product. • fishing, farming, timber, mining Don’t be a potato farmer!

  3. Subsistence Agriculture vs. Commercial Agriculture

  4. Where are you most likely to see primary activities taking place?

  5. Secondary Activities • Adding value to materials by changing their form. • Manufacturing • Mark an advancing economy. The people that turn potatoes into french fries. The people that turn potatoes into french fries.

  6. Cottage Industries vs. Commercial Industries

  7. Tertiary Activities • Providing business or professional services. • Seen mostly in developed economies. Sell french fries for business.

  8. Tertiary Activities • Usually found near dense populations of people.

  9. Technology and Tertiary • Technology has made it less necessary for tertiary activities to be located near people. • Internet expands the market and allows people to provide services from longer distances.

  10. Where are you most likely to see tertiary activities taking place?

  11. Quaternary Activities • Provide information, management, and research services by highly trained persons. • only in places with the highest level of economic development No, it’s not real. .

  12. Infrastructure • the basic support systems needed to keep an economy going. • transportation, energy, water…

  13. Which is an example of a tertiary economic activity? • 1) Turning dairy products into ice cream. • 2) Milking a cow on a dairy farm. • 3) Developing bovine hormones that increase the amount of milk a cow can produce. • 4) Selling ice cream at a grocery store.

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