The document discusses how economic activity has changed over time from the Stone Age to the modern era. It describes how early humans focused on food gathering and followed resources, the development of agriculture and towns, the Industrial Revolution which led to urbanization and factories, and how the modern economy relies on services, global trade, and technology like the internet. It also discusses ways of measuring economic activity such as GDP, and how activities have both material and non-material impacts on quality of life.

1. Economic Activity

2. Outline
• 1) Hand in Homework + Hand back homework
• 2) Review the change in economic activity;
Stone Age, A.R., I.R., Urbanization
• 3) How we measure economic activity?
• 4) Quiz + Quiz Take up
• 5) Various types of economic systems
• 6) Debate

3. The Past
• Important to see how small changes in the
past are considered technology.
• As a result of these technological changes,
people had time to do other things, and work
on doing other things besides producing food.
• People started to see how technology could
improve their lives.

4. Stone Age
• Everything in the stone age is
centred on food gathering
• People wander in tribes,
groups of families, hunting
animals for food and eat
mainly nuts, fruits and berries
• As soon as supply becomes
sparse people leave the
geographical area.

5. Modern Age
• Modern time started around 1700 A.D.
• It was during this time the second
agricultural revolution took place.
• The growth of the service industry took
place after the industrial revolution, many
jobs were being created.

6. Agricultural Revolution
• People learned how to domesticate
animals.
• Learned how to grow plants and
develop supply of animals for food
• Towns and villages developed
• New forms of technology emerged;
such as the plough, tractor and
better farming techniques. These
gave people a chance to live better
lives.
• People learn to store food and
transport it and then sell it. – This
leads to improve economic activity.

7. Industrial Revolution
• The industrial revolution
drastically changed economic
activity. Not as many people
were needed to help produce
food, so many moved to
cities to find work in
factories.
• Cities are becoming the focus
for economic activities.
• Factories are appearing
everywhere!
• Population moves from the
countryside to the city.

8. Industrial Revolution
• Textile machines and
steam engines are two
examples of
manufacturing
inventions that have
occurred during this
industrial revolution.
• More woman started
working during the
Industrial Revolution.

9. After the Industrial Revolution
• After the I.R. economic activity started to change services
for consumers.
• Many manufacturing jobs have been lost since
companies have moved their factories to developing
countries where wages are lower and profits are higher.
• Economic activity in the present day has changed
because of trade as well.
• Globalization is a term to describe increasing trade
among world countries. Many countries benefit from
globalization. Other countries do not have the resources
to compete internally and find they are becoming poorer
as other countries are becoming richer.

10. Urbanization
•What is it?

11. Urbanization
• This is not a modern
phenomenon but a historic
transformation
• The social process whereby
cities grow and societies
become more urban.
• Rapid and massive growth
and migration to large cities.
• By 2050, it is predicted that
64.1% and 85.9% of the
developing and developed
world respectively will be
urbanized.

12. The Future
• What kind of technology do we rely on in our
economy?

13. The Future
• The Internet!!!!!
• Economic activities such as selling products take place
in malls and stores.
• A new method of selling is growing quickly. This
method if called “e-commerce”, referring to selling and
buying products over the internet.
• More jobs are being created due to the increase of the
internet in economic activity.
• But service jobs have been cut since they are no longer
needed. It is also easier for a person to purchase good
from other countries, and this reduced the money
made in ones own country.

14. Matching Activity:
• Based on what we have learned, we have to
match the economic terms into the
appropriate time.

15. Measuring Economic Activity:
• Economic activity is meant to improve peoples lives.
• Economic inequality varies between societies and effects peoples ability to create
wealth.
• Ways to measure economic activity:
• “Money” Economy
• Formal Economic Activity: These are jobs where money is paid, usually as fees,
wages, or profits. Governments spend a good deal of time and energy measuring
these activities because taxes are often based on the figures.
• Informal activities: people are trying to avoid being counted and measured by the
government, such as criminal activity and private yard sales or bartering.
• Bartering: occurs when people exchange things or value.
• “Non-Money Economy”:
• Unpaid economic activity is hard to measure.
• What examples of unpaid activity can you think of?

16. • What Makes A better Life:
• Economic activity has often been seen as producing
more goods and services to make peoples lives better.
• Goods and services are our material wealth. Some of
these things help people live better and also have
negative effects. Ex. Cars
• Improvements in our lives also occur because of non-
material wealth, improvements that cannot be seen or
measured as good an services. An example is the
human rights in a society. It is important but it is hard
to measure the economic value of this change.
.

17. Measuring the wealth of a country:
• One common way is to look at incomes.
• It shows how much people have to spend on the goods and services
they need and want.
• In Canada, an average income of families is over $56, 000 per year
in other parts of the world people are living on a dollar a day.
• There are two other commonly use ways to measure economic
activity:
• The Gross domestic product (GDP): measures the value in dollars
of all the goods and services produced in the country in one year.
Ex: add up money spend on rent, groceries, tv, repairs, dentist’s
fees, phone bills that would be GDP.
• The Gross National product: measures all the wealth earned by
citizens of the country in one year.

18. Quiz
• You will have 15 minutes for this quiz.
• After we will mark them as a class
• * pass your paper to the person in front of
you.
• Good luck!

19. Quiz Answers
• 1. C
• 2. A
• 3. B
• 4. D
• 5. D
• 6. TRUE
• 7. TRUE
• 8. FALSE
• 9. TRUE
• 10. FALSE