Exit Ticket 8/28 Economic Activity

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Subsistence Agriculture (Small Scale): people make barely enough _________________

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to survive

Front

Commercial Agriculture (Large Scale): People make _________________ .

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a profit

Front

Cottage Industry (Small Scale): ________ based production. Example: working out of your garage, supplying items for village (developing).

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home

Front

Commercial Industry (Large Scale): is _________ based production. Example: steel refinery, assembly lines, mass production.

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factory

Front

4 Levels of Economic Activity (Sectors): 1) _______________ 2) _______________ 3) _______________ 4) _______________

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Primary, Secondary, Tertiary, Quaternary

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Primary Economic Activity (Sector): Example(s): Hunting and gathering, grazing, ____________, fishing, forestry, mining, quarrying (stone).

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farming

Front

Tertiary Economic Activity (Sector): Provide ________ to the primary and secondary sectors.

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services

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Quaternary Economic Activity (Sector): Involve the processing and dissemination of information. Includes high-level decision-making roles. __________ and __________, management, information processing, finance, insurance, __________, computer services, __________.

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Research, development, technology, data analysis

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A country’s ____________________ is directly related to the number of ________________ present in that country’s economic system.

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level of development; economic sectors

Front

All of the following are characteristics of a developed country EXCEPT... A large urban population, A large rural population, Access to education, Advanced technology

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A large rural population