Levels of Economic Activity
Categories of Economic Activity
1. Harvest or extraction
2. “Value added” industries
3. “Service-sector” industries
4. “White-collar” information services
5. High-level decision making
Locational Factors for Primary Economic Activities
--must be located close to the resource.
Locational Factors for Secondary Economic Activities
--needs to be accessible to the resource, a source of energy, the market, and an appropriate labor force.
Why is Detroit located where it is?
Locational Factors for Tertiary Economic Activities
--Proximity to the market is the most important locational factor for tertiary activities.
Locational Factors for Quaternary Economic Activities
--Access to good telecommunications infrastructure and a suitable work force is important.
Locational Factors for Quinary Economic Activities
--Quinary economic activities tend to cluster.
Research Triangle Park, NC
The sectors of the economy are tied together by its infrastrcture