Economic Activity 4.0 / 5 based on 1 rating ? GeographyHuman EnvironmentsIGCSEEdexcel Created by: leeyan@malvernstjames.co.ukCreated on: 24-01-20 15:08 Uses of economic activity Creates jobs, generates income, produces goods for public 1 of 37 Primary sector Extraction of raw material to be supplied to other industries 2 of 37 Examples of primary activities Farming, fishing, mining 3 of 37 Secondary sector Raw materials are manufactured to produce finished goods 4 of 37 Examples of secondary activities Food processing, building, manufacturing 5 of 37 Tertiary sector Providing goods and services for public 6 of 37 Examples of tertiary activities Transport, school, hospital 7 of 37 Quaternary sector Provide specialist information to other sectors 8 of 37 Examples of quaternary activities Research, computer programming, financial management 9 of 37 Measuring economics % employment, GDP, GNI 10 of 37 % Employment Easy to calculate, doesn't include seasonal work 11 of 37 GDP Easy to calculate and compare, not include unemployment 12 of 37 GNI Easy to compare, no wealth distribution and unemployment 13 of 37 Clark-Fisher model As the country develops, primary and secondary sectors decrease and tertiary sector increases. Quaternary sector begins to emerge too 14 of 37 Pre-industrial phase primary sector leads to the economy and is the most important activity 15 of 37 Industrial phase Secondary sector becomes more important than the primary sector and is at its peak. Tertiary sector also starts to increase 16 of 37 Post-industrial phase Tertiary sector is the most important. Primary and secondary sectors continue to decline. Quaternary sector appears 17 of 37 Development pathway Patterns of how the country develop 18 of 37 Subsistence farming Production of items to meet the food and living needs of the farmers and their families 19 of 37 Factors affecting the location of economic activities Cheap land, room for expansion, plenty of parking space, workers close by, better environment, good accessibility 20 of 37 Changes in sector employment Raw materials, new technology, globalisation, government politics, demographic and social change 21 of 37 Deindustrialisation Reduction of industrial activities or capacity in an industrial country 22 of 37 Globalisation The countries of the world are being gradually drawn together into a single global economy 23 of 37 Mechanisation Condition of having a highly technical implementation 24 of 37 Agribusiness When a farm is run like a large industrial business, coming in small family farms 25 of 37 Industrialisation Development of industries in a pre-industrial country 26 of 37 Ethiopia Primary sector accounts for 75% of all employment, but it only contributes to less than 50% of its GDP, meaning they are mainly subsistence farming 27 of 37 China Tertiary sector accounts 50% of its GDP, the % of employment is equally spread into primary, secondary and tertiary 28 of 37 UK 80% of all employments works in the tertiary sector, creating 75% of the national economic wealth 29 of 37 Global shift Movement of manufacturing from HICs to cheaper labour in MICs or LICs 30 of 37 Informal employment Not recognised by the government, they create jobs for themselves on the streets 31 of 37 Causes of informal sector Too many people wanting to get a job in the city, leading to underemployment and unemployment 32 of 37 Underemployment A person seeking for full-time work can only find part-time jobs 33 of 37 Problems with informal sector Adding congestion on already overloaded roads 34 of 37 Dhaka 25% of the capital's population live in the crowded slums, estimated that 50% of population depends on the informal sector 35 of 37 Pros of informal sector Provides a wide range of cheap goods and services and a means of survival 36 of 37 Cons of informal sector Earnings are slow, in a cycle of poverty, no healthcare, high exposure to work-related risks, uncertain legal status 37 of 37
Comments
No comments have yet been made