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What is development
The process of improving the material conditions of people through the diffusion of knowledge and technology
MDC’s
More Developed Countries
LDC’s
Less Developed Countries
Primary Economic Activities
Extraction of raw materials and natural resources from the earth’s surface
Secondary Economic Activities
Processing and manufacturing raw materials into a finished product
Tertiary Economic Activities
Service sector that focuses on moving, selling, and trading products in primary and secondary sectors
Quaternary Economic Sector
Sector knowledge based sector, focusing on research and information creation and transfer
Quinary Economic Sector
Highest level of decision making, includes top officials in government and business
As a country becomes more developed the primary sector ____
decreases
