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Chapter 3 Section 2

Chapter 3 Section 2






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    Chapter 3 Section 2 Chapter 3 Section 2 Presentation Transcript

    • Chapter 3-Section 2 Economics and Population
    • The Economy=
      • All of the activities that people do to EARN A LIVING are part of a system.
      • People Going to Work
      • Making Things
      • Selling Things
      • Buying Things
      • Trading Services
    • Economic Indicators
      • Gross National Product (GNP)
      • Value of ALL goods and services that a country produces ( inside the country and outside ) in one year.
      • Gross Domestic Product (GDP)
      • Value includes ONLY those goods and services produces WITHIN a country.
      • GDP divided by the country’s population gives the per capita GDP.
    • Economic Activities Four Industries Primary Secondary Tertiary Quaternary Farming, Fishing, Mining Forestry Manufacturing and Construction Trucking, Restaurants, Grocery Stores Research and Management
    • Comparing Countries
      • Industrialized
      • Relies more on manufacturing
      • Strong secondary, tertiary, quaternary industries
      • High literacy rate
      • Most people in cities have access to telecommunications
      • Developing
      • Relies more on agriculture
      • Most people in primary industries
      • People looking for work in crowded cities
      • Low levels of education
      • Little access to health care or telecommunications
    • Levels of Economic Development Limited access to phones and computers Access to phones and computers 5.Telecomm. Not Accessible-few doctors and hospitals Accessible-many doctors and hospitals 4.Health Care Few Schools- LOW Literacy Rate Many schools- HIGH Literacy Rate 3.Education Primary ---------------------------- Farming, fishing, mining, forestry Secondary, Tertiary, Quaternary ----------------------------- Manufacturing, Service, Information 2. Economy --------------------- Industry India, African Nations, S./Cent. American USA, Canada Japan W. Europe, Australia 1.Examples Developing Industrialized
    • Making a Living
      • Free Enterprise = This system is organized around production and distribution of goods and services.
      • Market Economy =Business owners and customers make decisions about what to make, sell, and buy.
      • Command Economy =The Government decides what, and how much will be produced. Also sets the prices.
    • Making a Living
      • Tradition Based Economy = Based on customs and traditions. Economic activities are based on laws, rituals, religious beliefs.
      • Mixed Economy = MOST countries have this type of economy. Based on at least TWO systems.
      • One Crop Economy = Based on a single crop, such as bananas, sugarcane or cacao.
    • Economics and Politics communism democracy Political System
      • Government control
      • Command Economy
      • Tradition-based Economy
      • Free enterprise
      • Market Economy
      • Mixed Economy
      Economy Developing Countries Developed/ Industrialized Countries