Economies Around the Economies Around the WorldWorld

HomeworkHomework

•Study for quiz… 4 kinds of Study for quiz… 4 kinds of industries… Tuesdayindustries… Tuesday

•Work on study guideWork on study guide

IndustriesIndustries

PrimaryPrimary SecondarSecondaryy

TertiaryTertiary QuatenarQuatenaryy

Do NowDo Now

Lesson Essential Lesson Essential Question: What are Question: What are the different the different industries and industries and economies around economies around the world?the world?

VocabularyVocabulary

• industry: all of the businesses that make industry: all of the businesses that make one kind of product or provide a serviceone kind of product or provide a service

• developed countries: established developed countries: established economies with all 4 kinds of industrieseconomies with all 4 kinds of industries

• developdevelopinging countries: country with fewer countries: country with fewer industriesindustries

• GDP: gross domestic product (measure of GDP: gross domestic product (measure of total value of goods and services a country total value of goods and services a country produces)produces)

Primary IndustryPrimary Industry

natural resourcesnatural resources

farming: Delmonte, Green Giant, farming: Delmonte, Green Giant, HanoverHanover

fishingfishing

logging logging

miningmining

brings natural resources (raw) to marketbrings natural resources (raw) to market

Primary IndustryPrimary Industry

• Extract raw materials (which are Extract raw materials (which are natural products) from the land or natural products) from the land or sea e.g. oil, iron ore, timber, fish. sea e.g. oil, iron ore, timber, fish.

• Mining, quarrying, fishing, forestry, Mining, quarrying, fishing, forestry, and farming are all example of and farming are all example of primary industries. primary industries.

Your TurnYour Turn

Think of 3 local primary Think of 3 local primary industries in our area.industries in our area.

Share OutShare Out

Secondary IndustriesSecondary Industries

natural + raw= finished productnatural + raw= finished product

iron ore= steel (Bethlehem Steel Mill)iron ore= steel (Bethlehem Steel Mill)

cotton= clothing (Gap, Old Navy, cotton= clothing (Gap, Old Navy, Aeropostale)Aeropostale)

petroleum= gasoline (Texaco, BP, Gulf)petroleum= gasoline (Texaco, BP, Gulf)

Secondary IndustrySecondary Industry

• Involve the manufacture of raw Involve the manufacture of raw materials, into another product by materials, into another product by manual labour or machines. manual labour or machines.

• Secondary industries often use Secondary industries often use assembly lines e.g. a car factoryassembly lines e.g. a car factory

Tertiary IndustriesTertiary Industries

• sells and transport natural resourcessells and transport natural resources

from primary industries and finished from primary industries and finished products from secondary industriesproducts from secondary industries

Stores and trucking (transportation) Stores and trucking (transportation) companiescompanies

Tertiary Industry (Service Tertiary Industry (Service Industry)Industry)

• Neither produce a raw material nor make Neither produce a raw material nor make a product. a product.

• Instead they provide services to other Instead they provide services to other people and industries. people and industries.

• Tertiary industries can include doctors, Tertiary industries can include doctors, dentists, refuse collection and banks.dentists, refuse collection and banks.

Tertiary IndustriesTertiary Industries

• educationeducation

• health care/medical fieldshealth care/medical fields

• bankingbanking

• hairstylistshairstylists

(service jobs)(service jobs)

Quaternary IndustriesQuaternary Industries

• Involve the use of high tech Involve the use of high tech industries. People who work for these industries. People who work for these companies are often highly qualified companies are often highly qualified within their field of work. within their field of work.

• Research and development Research and development companies are the most common companies are the most common types of businesses in this sector.types of businesses in this sector.

• http://revisionworld.com/gcse-revision/geography/industry/different-types-http://revisionworld.com/gcse-revision/geography/industry/different-types-industryindustry

FirstFirst

The raw material cotton is The raw material cotton is extracted by primary industries extracted by primary industries

The cotton may then be turned The cotton may then be turned into an item of clothing in the into an item of clothing in the

secondary industry. secondary industry.

NextNext

The cotton may then The cotton may then be turned into an item be turned into an item

of clothing in the of clothing in the secondary industry.secondary industry.

ThenThen

Tertiary industries may Tertiary industries may advertise the goods in advertise the goods in

magazines and magazines and newspapers. newspapers.

LastlyLastly

The quaternary industry The quaternary industry may involve the product may involve the product

being advertised or being advertised or researched to check that researched to check that

the item of clothing meets the item of clothing meets the standards that it claimsthe standards that it claims

Developing CountriesDeveloping Countries

• May not have all 4 industriesMay not have all 4 industries

• Limited natural resourcesLimited natural resources

• Limited education institutionsLimited education institutions

• Few interstates, railroad systems, Few interstates, railroad systems, bridges, airports, paved roadsbridges, airports, paved roads

• Limited international trade and Limited international trade and commercecommerce

Developed CountriesDeveloped Countries

• variety of industries, businessesvariety of industries, businesses

• educational institutionseducational institutions

• strong infrastructuresstrong infrastructures

• strong economystrong economy

• established governmentestablished government

• high GDPhigh GDP

Gross Domestic ProductGross Domestic Product

Measure of the total value of goods and Measure of the total value of goods and services a country producesservices a country produces

(measure of a country’s economy)(measure of a country’s economy)

• United StatesUnited States

• GermanyGermany

• ItalyItaly

• ChinaChina

Standard of LivingStandard of Living

• a measure of how well its people livea measure of how well its people live

(measure of a country’s economy)(measure of a country’s economy)

average person’s average person’s incomeincome

how much people how much people spendspend and and savesave

Traditional EconomyTraditional Economy

• Little changeLittle change

• Same kinds of jobs/work as early Same kinds of jobs/work as early generationsgenerations

• Based on custom or habitBased on custom or habit

Subsistence FarmingSubsistence Farming

• Growing only enough food for Growing only enough food for themselves and familiesthemselves and families

• Therefore, not able to buy better Therefore, not able to buy better tools farming techniquestools farming techniques

• Africa Africa

• Asia Asia

• South AmericaSouth America

Command EconomyCommand Economy

• government or central authority government or central authority makes decisionsmakes decisions

• controls farms, factoriescontrols farms, factories

• dictates what is made, how much dictates what is made, how much and salariesand salaries

• CubaCuba