Nature of Canada's Economy

Nature of Canada's Economy

Nature of Canadas 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: people who harvest, manufacture products or provide services. Consumers: people who use products and services. How we categorize our economic industries

Primary Industries Extracting Resources Secondary Industries Refining or Manufacturing Resources

Tertiary Industries Services Delivering Resources Quaternary Industries Providing Intellectual Services

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

Primary Industries using natural resources Water (Hydroelectric) X Fishery X X X X X

X X X X X X X X X X X Oil & Gas Agriculture X X X X Northwest Territories

X X Yukon Territory British Columbia Alberta X X Saskatchewan

Manitoba Ontario Quebec X Forestry Prince Edward Island

New Brunswick Nova Scotia Newfoundland & Labrador Natural Resource Industry 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) Secondary Refining Industries

- process raw materials into industrial products Industries: Steel mills, paper mills, textile mills, plastic manufacturers, flour mill 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 Secondary Manufacturing Industry -process industrial products into goods Industries: car makers,

garment industry, furniture makers, industrial bakers Labour - Larger number of people in a factory - Often industry trained labour, low skill labour Tertiary Industry -provide

services and distribution of final products to the market Industries: retail sales, utilities, public administration, communications, health care, restaurants, etc

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) Quaternary Industry

-provides intellectual services Industries: Scientific research, information technology, consultants, Labour - Small of people employed in this industry - Very highly trained

employees (many years of university) Types of Industry Do more Canadians work in agriculture? or in education? Types of Industry More than three times as many

Canadians work in education than in agriculture! Types of Industry Do more Canadians work in transportation and warehousing? or in forests and mining?

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

in manufacturing? or in wholesale and retail trade? Types of Industry More Canadians work in wholesale and retail trade than in manufacturing.

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 1980s). Instead, most Canadians have jobs in which they provide an enormous range of services. 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??

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