Economic Power Point

Question 1

Primary Economic activities

Answer 1

The most basic activities in all societies

Question 2

What activities does Primary involve in?

Answer 2

It involves production of foods and the extraction of resources

Question 3

Examples of primary economic

Answer 3

Growing crops, raising livestock, logging, mining, etc

Question 4

Subsistence farming

Answer 4

Farming whose products are intended to provide for the basic needs of the farmer, with little surplus for sale

Question 5

Commercial farming

Answer 5

The production of crops of farm animals for sale, usually with the use of modern technology

Question 6

Secondary economic activities

Answer 6

Activities that add value to raw materials by processing them or changing their form

Question 7

Secondary economic activities example

Answer 7

Manufacturing logs into wood planks into furniture, iron ore to steel to railroad tracks

Question 8

Tertiary economics activities

Answer 8

Third level economic activities that deal with service

Question 9

Tertiary economics activities example

Answer 9

Teacher, nurse, doctor, accountant, retailers, truck driver, or musician

Question 10

Quaternary economics activities

Answer 10

Fourth level economic activities that consists of those involving information processing and management

Question 11

Quaternary economics activities example

Answer 11

Computer programmer or the general manager of a company, scientist, designer, engineers