Chapter 3 Section 2

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Chapter 3 Section 2

  1. 1. Chapter 3-Section 2 Economics and Population
  2. 2. The Economy= <ul><li>All of the activities that people do to EARN A LIVING are part of a system. </li></ul><ul><li>People Going to Work </li></ul><ul><li>Making Things </li></ul><ul><li>Selling Things </li></ul><ul><li>Buying Things </li></ul><ul><li>Trading Services </li></ul>
  3. 3. Economic Indicators <ul><li>Gross National Product (GNP) </li></ul><ul><li>Value of ALL goods and services that a country produces ( inside the country and outside ) in one year. </li></ul><ul><li>Gross Domestic Product (GDP) </li></ul><ul><li>Value includes ONLY those goods and services produces WITHIN a country. </li></ul><ul><li>GDP divided by the country’s population gives the per capita GDP. </li></ul>
  4. 4. Economic Activities Four Industries Primary Secondary Tertiary Quaternary Farming, Fishing, Mining Forestry Manufacturing and Construction Trucking, Restaurants, Grocery Stores Research and Management
  5. 5. Comparing Countries <ul><li>Industrialized </li></ul><ul><li>Relies more on manufacturing </li></ul><ul><li>Strong secondary, tertiary, quaternary industries </li></ul><ul><li>High literacy rate </li></ul><ul><li>Most people in cities have access to telecommunications </li></ul><ul><li>Developing </li></ul><ul><li>Relies more on agriculture </li></ul><ul><li>Most people in primary industries </li></ul><ul><li>People looking for work in crowded cities </li></ul><ul><li>Low levels of education </li></ul><ul><li>Little access to health care or telecommunications </li></ul>
  6. 6. 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
  7. 7. Making a Living <ul><li>Free Enterprise = This system is organized around production and distribution of goods and services. </li></ul><ul><li>Market Economy =Business owners and customers make decisions about what to make, sell, and buy. </li></ul><ul><li>Command Economy =The Government decides what, and how much will be produced. Also sets the prices. </li></ul>
  8. 8. Making a Living <ul><li>Tradition Based Economy = Based on customs and traditions. Economic activities are based on laws, rituals, religious beliefs. </li></ul><ul><li>Mixed Economy = MOST countries have this type of economy. Based on at least TWO systems. </li></ul><ul><li>One Crop Economy = Based on a single crop, such as bananas, sugarcane or cacao. </li></ul>
  9. 9. Economics and Politics communism democracy Political System <ul><li>Government control </li></ul><ul><li>Command Economy </li></ul><ul><li>Tradition-based Economy </li></ul><ul><li>Free enterprise </li></ul><ul><li>Market Economy </li></ul><ul><li>Mixed Economy </li></ul>Economy Developing Countries Developed/ Industrialized Countries

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