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L E S S O N 8 Commerce = the Sum of Many Parts

Time to Teach

SLIDE 8A

Workbook This lesson corresponds to The 21st Century Student's Guide to Financial Literacy, student workbook, Chapter 8. Suggested Videos and Additional Resources • Euronews, Clusters: Powerful Engine of Economic Development in Europe - Business Planet (www.youtube.com/watch?v=uzFf_REJGfI) (3:13) • agenda.weforum.org (Contains multiple videos and podcasts of World Economic Forum Presentations) PRODUCT PREVIEW What Does That Mean? Term Definition Materials List Computer/smartboard Webslides (www.c21student.com)

Link to highly recommended videos  organized by lesson at www.c21student.com/ you-tube-lesson-links/

SLIDE 8B-E

industry

a group of enterprises in a particular field, often named after its principal product such as the airline industry or the healthcare industry. a branch of geography that studies where industries develop and why they develop in those locations. GICS ® ; a classification system used in the financial world which breaks businesses into sectors, industry groups, industries, and sub-industries. an area of the economy in which businesses share the same or a related product or service. the smallest classification of businesses in the GICS ® system; an industry which forms a part of a larger industry. specific industries which develop and become concentrated in a particular geographical area; a business ecosystem.

economic geography

Global Industry Classification Standards

sector

subindustry

industry clusters

Lesson 8 | Commerce = the Sum of Many Parts 126

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