World Economic Activities. Primary Economic Activities Economic activities that rely directly upon...
-
Upload
nelson-conley -
Category
Documents
-
view
228 -
download
0
description
Transcript of World Economic Activities. Primary Economic Activities Economic activities that rely directly upon...
World Economic Activities
Primary Economic Activities• Economic activities that rely directly upon
natural resources.
Subsistence Farming• Growing enough food for family or village
needs.
Commercial Farming• Production of crops or other agricultural
products for use in markets.
Secondary Economic Activities• Use of raw materials to produce or manufacture
new products of greater value.
Cottage Industries• Industry that usually involves production
by hand.
Commercial Industries• Industries able to turn out large quantities
of manufactured goods.
Tertiary Economic Activities• Economic activities where workers are
involved in a service related job.
Quaternary Economic Activities• In modern economies these jobs focus on
the acquisition, processing, and sharing of information.
Exports• Goods sent out of country to be sold in
foreign markets.
Imports• Goods brought into a country.
Gross Domestic Product
GDP - The total market value of all final goods and services produced in a country in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports.
QuickTime™ and aTIFF (Uncompressed) decompressor
are needed to see this picture.
GDP - Per Capita
GDP Per Capita - Total GDP divided by the population of the country.
Trade Routes
• Routes determined by geography and technology for the sale of goods.
Economic Status of World Countries
Definitions of Economic Status• Countries designated by the
International Monetary Fund (IMF) in the April 2009 World Economic Outlook– blue: DEVELOPED
(advanced) economies [1st World - old definitions]
– orange (YELLOW): countries designated as DEVELOPING economies [2nd World]
– red (PINK): countries designated as least developed economies (UNDERDEVELOPED) [3rd World]
– gray: not classed by the IMF.
Developed Nations• Modern, Industrial Societies• High Standard of living• Higher level of Education• Better health care• Infrastructure (communications, transportation systems)• Consume more• Longer life expectancy
Developing Nations
• Sometimes called “in transition”• Portions of the country are developed• Many people do not have access to adequate
services still• Lower standard of living• Lower life expectancy
Underdeveloped Nations• Very little infrastructure (communication, transportation networks)• Poor/inadequate health care• Lower life expectancy still• Political instability• Dependent on other nations for aid ($, food, basic needs, etc.)