Economic Activities In Latin America

LG1: Analyze how physical and human geographic factors affect the location of economic activities and trade patterns in Latin America.

Concept Attainment: Economic Activities

• As a class, we will categorize various jobs into the economic activity level that they belong in.

• Raise your hand and give me an example of a job, and I will put it in the correct category.

What do you think the definition of these 4 terms is?

Primary Economic Activities

•An economic activity that relies directly upon natural resources.

•Examples: • Fishing• Mining• Farming• Ranching

Secondary Economic Activities

•An economic activity in which people use raw materials to produce or manufacture new products of greater value.

•Examples:•Turning wheat into flour•Milling lumber into plywood•Making fish into packaged fish sticks•Turning gold into a bracelet

Tertiary Economic Activities

•Economic Activity where people are engaged in the service industry.

•Examples:•Lawyers•Doctors•Waitresses•Firefighters•Mechanics

Quaternary Economic Activities

•Economic Activities that focuses on getting, processing and sharing information.

•Examples:•Education•Researchers•Government workers•CEO’s •Technology creators

Economic Activities: Assignment

• Directions: There are 6 advertisements in your folder. Choose FOUR and complete the charts on your handout. You may have to be creative, but logical, when completing ‘quaternary’.

Primary The gold was mined in South Africa.

Secondary The gold is sent to a factory, melted down and made into a bracelet.

Tertiary The gold bracelet was bought by Kay Jewelers and sold to the public.

Quaternary The CEO of Kay Jewelers researches new ways to mine gold with less devastation on the environment.

NAFTA:1. Tariff - A tax or duty to be paid on a particular class of imports or

exportsNAFTA - As of January 1, 2008, all tariffs and quotas were eliminated

on U.S. exports to Mexico and Canada under the North American Free Trade Agreement

NAFTA - created the world’s largest free trade area, and led to economic growth and rising prosperity in all three countries.

JOBS OPPORTUNITIES INCREASE IN MEXICO, CANADA, & U.S.!!!!!