1 / 25

Nature of Canada’s Economy

Nature of Canada’s Economy. CGC 1D/P1. Economic Structure of Canada. Economic System.  The organization in which products and services are made and used up. The economy is made up of two different types of people:. Producers :

eyal
Download Presentation

Nature of Canada’s Economy

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Nature of Canada’s Economy CGC 1D/P1

  2. Economic Structure of Canada Economic System The organization in which products and services are made and used up.

  3. The economy is made up of two different types of people: Producers: people who harvest, manufacture products or provide services. Consumers:people who use products and services.

  4. How we categorize our economic industries Primary Industries Secondary Industries Tertiary Industries Quaternary Industries Extracting Resources Services Delivering Resources Providing Intellectual Services Refining or Manufacturing Resources

  5. -industries that harvest natural resources (natural resources: air, soil, water, oil, plants, rocks, minerals, wildlife) Primary Industries Examples of Industries: mining, forestry, oil and gas, agriculture, fishing, hunting, trapping

  6. Provinces of Canada and their Primary Industries using natural resources

  7. Labour • - Lower number of people employed than other industry levels due to mechanization of the job (one person per big machine) • Skilled labour due to the specialization of the job (college diploma and apprenticeship)

  8. Secondary Refining Industries - process raw materials into industrial products Industries: Steel mills, paper mills, textile mills, plastic manufacturers, flour mill

  9. Labour • - Larger number of people employed than primary industry but still lower than manufacturing industry • Some college skilled labour (steel milling), Often industry trained labour

  10. -process industrial products into goods Secondary Manufacturing Industry Industries: car makers, garment industry, furniture makers, industrial bakers

  11. Labour • - Larger number of people in a factory • Often industry trained labour, low skill labour

  12. -provide services and distribution of final products to the market Industries: retail sales, utilities, public administration, communications, health care, restaurants, etc… Tertiary Industry

  13. Labour • Large number of people employed in this industry • Labour skill varies: • Low skill labour (ex cashier), • college trained (ex. chef, paramedic), • University trained (ex. accountant, pharmacist)

  14. -provides intellectual services Industries: Scientific research, information technology, consultants, Quaternary Industry

  15. Labour • Small of people employed in this industry • Very highly trained employees (many years of university)

  16. Types of Industry • Do more Canadians work… • in agriculture? • or in education?

  17. Types of Industry • More than three times as many Canadians work in education than in agriculture!

  18. Types of Industry • Do more Canadians work… • in transportation • and warehousing? • or in forests • and mining?

  19. Types of Industry • More than twice as many Canadians work in transportation and warehousing than in forestry and mining.

  20. Types of Industry • Do more Canadians work… • in manufacturing? • or in wholesale • and retail trade?

  21. Types of Industry • More Canadians work in wholesale and retail trade than in manufacturing.

  22. Types of Industry • Most Canadian workers are not lumberjacks, farmers, or miners (that was more than 50 years ago); nor are they factory workers (that ended with high tech in the 1980’s). • Instead, most Canadians have jobs in which they provide an enormous range of services. • But all parts of the economy are vital…

  23. Basic and Non-Basic Industries Basic Industries • Industries that sell their products outside the community, bringing “new” money into the community Non-Basic Industries • Industries that sell their products within the community, not bringing “new” money into the community

  24. Decide if the description is an example of either a basic or non-basic industry: Basic Non- basic Non- basic Basic Non- basic Basic Basic Non- basic Basic Non- basic

  25. Case Study: • The company you work for is Black and Decker. They close the factory in town. You have a town of 15 000 people. 500 people work at Black and Decker. This one plant closure causes over 2500 to lose their jobs • How do we get to 2500 losing their jobs if the plant only employed 500??

More Related