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Nature of Canadas Economy CGC 1D/P1

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

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

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

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-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 Primary Industries

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Provinces of Canada and their Primary Industries using natural resources Natural Resource Industry Newfoundland &Labrador Nova Scotia New Brunswick Prince EdwardIsland Quebec Ontario Manitoba Saskatchewan Alberta British Columbia Yukon Territory NorthwestTerritories ForestryXXXXX Water (Hydroelectric)XXXXX FisheryXXXXX Oil & GasXX AgricultureXXXXXXXXX MiningXXXXXXXXX

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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)

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

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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

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

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

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

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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)

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

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

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Types of Industry Do more Canadians work in agriculture? or in education?

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

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Do more Canadians work in transportation and warehousing? or in forests and mining?

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

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Do more Canadians work in manufacturing? or in wholesale and retail trade?

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

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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. But all parts of the economy are vital

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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??