Introducing 

Prezi AI.

Your new presentation assistant.

Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.

Loading…
Transcript

Economic Sector Models

Ethan Kim Block 2

Economic Activities

Sectors of Industry

The economy can be broadly divided into five sectors: primary, secondary, tertiary, quaternary, and quinary. Each sector represents a different stage in the production and delivery of goods and services. Understanding these sectors can help provide deeper knowledge into the broader functioning economy and economic activities.

Primary Sector

The primary sector involves activities in extraction or harvestation of natural resources. The primary sector plays a crucial role in providing the natural resources for the secondary sector and heavily influenes the tertiary, quantary, and quinary sectors.

Primary Sector

Secondary Sector

Seconday Sector

The secondary sector oversses activities that involve manufactoring, processing, and construction using raw materials. In simpler terms, the secondary sector utilizes the raw materials provided from the primary sector and transforms them to finished goods.

EX: Automobile or textile plants

Tertiary Sector

The tertiary sector involves economic activities that involve service to individuals and buisinesses. The tertiary sector plays a important role when it comes down to meeting the supply and demands. In addition, the teritiary sector is caimed to be the most dominant sector.

EX: Mrs.Coury

Tertiary Sector

Quaternary sector

Quaternary Sector*

The quaternary sector involves economic activites that manipulate knowledge, information, and innovation. The quaternary sector is often associated with research and development. It can be noted that the quaternary sector plays a crucial part in advancing and developing knoweldge in society.

EX: Mass media or social media

Quinary sector

The quinary sector refers to the highest level of economic activity. Activities that relate to the quinary sector includes decision making and leading a top level management. In simpler terms, the quinary scctor requires knwledge and innovation.

Quinary Sector*

General Overview

Concentric Zone Model

The Concentric Zone Model, developed by sociologist Ernest Burgess in 1925, provided a map of understanding the spatial organization of cities.

EX: Midtown Atlanta

General Overview

Sector Model

The sector model,developed by economist Homer Hoyt in 1939, illustrates the growth of a city based on CBD connection.

EX: Chicago

General Overview

Multiple Nuclei Model

The multiple nuclei model was develeiped by Harris and Ullman in 1945. The multiple nuclei model consists of multple nodes instaed of one in a larger city. In simpler terms, the CBD lost value.

Ex:LA

General Overview

Bid Rent Theory

The bid rent theory was proposed by economist William Alonso in 1960. Bid rent theory that refers to how the price and demand on real estate changes as the distance towards the Central Business District (CBD) increases.

EX: Urban to suburban areas

General Overview

Galactic Model

The galactic model otherwise known as the"peripheral model" was developed by Chauncy Harris. The galactic model suggests that there is independent grwoth from the CBD with transpotational nodes that interconnect cities.

EX: Detriot

Learn more about creating dynamic, engaging presentations with Prezi