Econ. Nov 26 by Peter Melkonian

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Econ. Nov 26

Published on Dec 19, 2015

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PRESENTATION OUTLINE

Business organization and finance

mr. melkonian

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four types of industrial activity

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primary

raw materials

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secondary

processing of raw materials

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tertiary

provision of service (wholesale, retail outlets

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quaternary

high tech - specialized (research, tech development)

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linear progression

primary to quaternary

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gdp

gross domestic product

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GDP compares the value of all goods and services produced in a year with national population data. "Standard of living" statistic - since it reports the value of goods and services available per person living in a nation.

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10.

pg 123 1-3 (gdp)

check your understanding 1-3