Economic Activities

Quaternary sector of the economy

A job for highly skilled individuals who process information: Researcher/IT guy/Scientist

Primary sector of the economy

A job that is taking things from the earth or from animals: farming/mining/hunting/fishing

Tertiary sector of the economy

A job that provides services to its consumers: waitress/teacher/nurse/pilot/McDonald's worker

Secondary sector of the economy

A job that takes raw materials from the earth and transforms them into goods we use: factory workers who turn cotton into shirts

Quinary sector of the economy

A job where high-level decisions are made by top-level executives in the government, industry, business, education, media and nonprofit organizations: CEO/President

Developing Country

Examples: India, Rwanda Countries with low quality or no healthcare, bad job markets, little to no infrastructure, and very little access to technology or modern-day conveniences Poor Countries

Developed Country

Examples: USA, Australia Countries with access to healthcare, jobs, infrastructure, technology/internet Rich countries

GDP (stands for Gross Domestic Product

GDP represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time. THIS DOES NOT INCLUDE THINGS MADE BY AMERICAN COMPANIES OUTSIDE OUR BORDERS! USA ONLY! ** Represents the wealth of a nation.

Infant Mortality Rate

Gives us the ratio of babies that died out of the number of births that year. For example: 50 births occurred but 2 of those 50 died so your IM would be: 2 deaths/50 births

Standard of Living

the degree of wealth and material comfort available to a person or community.

Literacy Rate

the percentage of people who are able to read and write vs those who are not.

Life Expectancy

How long most people are expected to live in a certain country.