Economic Variations

• 4 sectors economic activity can be split into (aka dominant industrial sector)?

  • primary - extract raw materials and goods (farming)
  • secondary - take primary products and make them into complex goods
  • tertiary - enable people to access and use goods (jobs in retail)
  • quaternary - research and develop new products (scientific research)
• the Clark fisher model shows the changes in dominant industrial sector from pre-industrial economies to post-industrial economies
• some areas have a large number of economically inactive people which means they are retired , unemployed or have a long term sickness or disability. For example Liverpool has a high proportion of people economically inactive at around 28%
• 3 ways social variables affect economic variables?

  • poor health = fewer job opportunities = reduced chances of a sustainable income
  • an area of high level of education with high graduates means higher average earnings
  • if parents work professional or managerial jobs children more likely to work similar jobs
• 3 ways economic variables affect social factors like health and life expectancy?

  • more you earn, the more likely you are to live in good health and higher life expectancy
  • higher earnings means you can afford healthier foods
  • higher incomes means you can afford higher quality housing (better insulation)
• 4 reasons why some regions areas are more successful than others?

  • rates of employment
  • spiral of decline
  • gdp per capita
  • environmental features
• the case study for economic variations is Liverpool and Lerwick