Introduction to Industry in Canada

A set of flashcards covering key terms and concepts from the lecture on industries in Canada and their significance.

Basic Industry

Industries that provide goods or services that are essential to the economy, such as resource extraction.

Non-basic Industry

Industries that do not bring new money into the community; they recycle existing money.

Primary Industries

Industries that take resources directly from the earth or water, such as forestry and mining.

Secondary Industries

Industries that process raw materials into finished products, like automobiles and clothing.

Tertiary Industries

Service industries that provide help, such as retail stores and government services.

Quaternary Industries

Industries that focus on knowledge and innovation, including education and research.

Renewable Resources

Natural resources that can replenish themselves over time, like forests and water.

Nonrenewable Resources

Resources that are finite and cannot be replenished quickly, such as minerals and fossil fuels.

Overfishing

Catching too many fish, causing fish populations to decline and management practices to fail.

Collaborative Fishing Management

Strategies to manage fishing practices to ensure sustainability and protect fish stocks.

Clear Cutting

A logging method where every tree in an area is removed, often leading to environmental consequences.

Selective Cutting

A logging technique that harvests only mature trees of a desired size and type, minimizing impact.

Pulp and Paper Industry

Sector focusing on the production of pulp and paper products, significant in Canadian manufacturing.

Trade Surplus

Occurs when a country's exports exceed its imports, beneficial for the economy.

Trade Deficit

Occurs when imports exceed exports, which can negatively impact the economy.

Cultural Identity

The characteristics and values that define a particular culture.

Stewardship

The responsibility to manage and protect the environment and natural resources.

Sustainability

The ability to meet present needs without compromising the ability of future generations to meet theirs.

Carrying Capacity

The maximum population size that an environment can sustain based on available resources.

Ecological Footprint

A measure of the human impact on Earth's ecosystems, represented in hectares.