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Resources and Production

Resources and Production. Productive Resources. Made up of: Human Resources or “labour” Natural Resources Capital Resources and The Entrepreneur (self-employed business owner). Natural Resources. All of the resources that occur in nature that have value and can be used in production.

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Resources and Production

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  1. Resources and Production

  2. Productive Resources • Made up of: • Human Resources or “labour” • Natural Resources • Capital Resources and • The Entrepreneur (self-employed business owner)

  3. Natural Resources • All of the resources that occur in nature that have value and can be used in production. • Usually called “land” by economists, these include all the “free gifts of nature.” • Ex. Land, minerals, trees, water, rivers, fish, animals, etc.

  4. Canadian Natural Resources • Fertile low-lying land in the Prairies, around the Great Lakes, and the St. Lawrence lowlands. • Forestry in BC, Ontario, Quebec, and Atlantic Canada. • Commercial fishing in the Pacific and Atlantic Oceans. (1992 cod moratorium) • Canadian Shield has minerals • Reserves of coal (ex. Cape Breton), oil (Alberta), and natural gas (Sable Island).

  5. Human Resources • Are manual or non-manual labour provided by workers to produce goods and services. • Ex. Skilled labourers, doctors, teachers, computer technicians, • Four major characteristics: health, education and skills, work attitudes, population size.

  6. Human Resources • Health – healthy workers are more productive • Education – the more educated the population is, the more productive the country tends to be • Canada has one of the world’s most highly educated populations

  7. Human Resources • Population size – the higher the working age population the more people there to support the non-working population (aged and young, etc.) • “Baby Boom” in the 1950’s = 4 children per household. By the 1990’s, 1.7 children per household • Immigration and emigration

  8. Capital Resources • Goods that are used in the production of other goods and services • A means to an end • Modernized capital resources make production more efficient (technology)

  9. Capital Resources • In order for capital resources to be produced • Time must be diverted from the production of consumption goods and services • Communities must have the skills to produce them • Communities must have the resources to devote to producing them (ie. Not just surviving)

  10. Production • Is present in any activity that serves to satisfy human wants (good AND services) • Involves the combining of economic resources (“land, labour, capital, & entrepreneurial ability)

  11. Production • All productive activity can be divided into three categories: • Primary industries • Secondary industries • Tertiary industries

  12. Primary Industries • Are concerned with obtaining or providing natural raw materials for conversion into products for the consumer • Concerned with natural resources • mining, farming, fisheries, forestry, etc.

  13. Secondary Industries • Convert the raw materials provided by primary industry into finished goods (consumer or capital goods) • Manufacturing industry • Use capital resources

  14. Tertiary Industries • Concerned with selling the good. • Transport it to store, market it, sell it, deliver it, repair it • A vital link between the producer and the consumer

  15. Remember • Production refers to the production of goods AND services • education (teachers), medical care (doctors, nurses), entertainment (performers), travel (tour guide), etc. are all a part of production.

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