2 Economic Structure of Canada Economic SystemThe organization in which products and services are made and used up.
3 Consumers: people who use products and services. 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 IndustriesSecondary IndustriesTertiary IndustriesQuaternary IndustriesExtracting ResourcesServices Delivering ResourcesProviding Intellectual ServicesRefining or Manufacturing Resources
5 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
6 Natural Resource Industry Provinces of Canada and their Primary Industries using natural resourcesNatural Resource IndustryNewfoundland & LabradorNova ScotiaNew BrunswickPrince Edward IslandQuebecOntarioManitobaSaskatchewanAlbertaBritish ColumbiaYukon TerritoryNorthwest TerritoriesForestryXWater (Hydroelectric)FisheryOil & GasAgricultureMining
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 productsIndustries: 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 industrySome college skilled labour (steel milling), Often industry trained labour
10 Secondary Manufacturing Industry -process industrial products into goodsIndustries: 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 Tertiary Industry-provide services and distribution of final products to the marketIndustries: retail sales, utilities, public administration, communications, health care, restaurants, etc…
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 Quaternary Industry -provides intellectual services Industries: Scientific research, information technology, consultants,
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 IndustryMore 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 forestsand mining?
19 Types of IndustryMore 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 wholesaleand retail trade?
21 Types of IndustryMore Canadians work in wholesale and retail trade than in manufacturing.
22 Types of IndustryMost 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 Case Study:The company you work for is Black and Decker. They close the factory in town. You have a town of people people work at Black and Decker. This one plant closure causes over 2500 to lose their jobsHow do we get to 2500 losing their jobs if the plant only employed 500??