primary industry
industries that extract raw materials from the environment
secondary industry
industries that process primary industry goods into finished products
tertiary industry
industries that sell a finished product or service to the consumer
primary industry examples
wood
minerals
agriculture
secondary industry examples
construction
cars
furniture
tertiary industry examples
walmart
fast food
banks
what is the difference between renewable and non-renewable resources?
renewable resources regenerate themselves so they can be used forever if managed properly. non-renewable resources have a fixed amount, once they run out they’re gone forever.
7 factors of manufacturing
location of customers
proximity of raw materials
Availability of water and power
labor supply
transportation
political factors
circumstance
location of customers
effects delivery time and cost; Just-In-Time is when parts/products are delivered just in time for them to be added to the assembly line so companies don’t have to pay for storage of parts. ex: auto manufacturing
proximity of raw materials
in some cases the manufacturing must be near the raw materials because they are hard/costly to ship or perish easily
Availability of water and power
power is necessary to process and produce goods and water is used for cooling and cleaning
labor supply
in some cases the product needs a lot of labor/people to produce or needs specially trained people
transportation
transportation effects how quickly factories will get goods, effecting the time it will take to create a product and how much countries will trade with each other. Shipping containers help move lots of goods quickly
political factors
governments encourage companies to manufacture in their city by offering a lower tax rate for a period of time, grants or subsidies, good infrastructure to support operations, and reliable cheap electricity.
circumstance
some things are out of the control of the manufacturer. Ex: a small company just happens to start manufacturing in a city with a lot of resources, allowing them to grow quickly
globalization
when a company relocates their factory to a place where the labor is cheap.
knowledge based industry
industries that require workers to be especially trained/educated for a job. ex: auto parts, pharmaceutical,
why does manufacturing leave canada?
manufacturing often leaves canada due to the cost, it is cheaper to access resources and labor in other countries
basic job
jobs that bring money into the community. a 1:3 ratio of basic to non-basic jobs are needed for a healthy community
basic job examples
miner, producers, Hi-tech workers
non-basic job
they sell services to the community but do not create wealth, they only recycle the money
non-basic jobs examples
hairdresser, bank teller, teacher
tourism
tourism sells/exports a country to bring in money for that country. Many countries and communities rely on tourism for money
quaternary industry
industries based on technology and knowledge
quaternary industry examples
biotech, info tech (IT), aerospace tech
largest quaternary industries in canada?
biotech, info tech (IT), aerospace tech, ocean research tech
why is quaternary industries more accessible than other industries?
they are more accessible because nowadays every industry requires technology
trading networks
networks that form between locations that want to buy and sell goods and services with each other
trade surplus
when the dollar value of exports is higher than imports
trade deficit
when the dollar value of imports is higher than exports
supply chain
the network of people, organizations, resources, and tech involved with creating a product
tariff
a tax that is added to the cost of any foreign items or services bought in a country
import
a good/service brought into a country from another
export
a good/service sent to a country from another
free trade
when countries decrease or remove the tariffs of items that they sell between each other. ex: USMCA
why must canada import/export?
exporting goods helps pay for the things imported from other countries
to keep the economy healthy, 50% of the goods and services canada creates are exported. exporting provides people jobs which fuels the economy
importing cheaper versions of goods from other countries allows for more canadians to buy them
rail tranportation
pros
inexpensive to operate
can carry a lot of cargo
cons
have a fixed route and therefore cannot go as many places
road transportation
pros
overall building and maintence is cheaper
do not have a fixed route
good for light cargo
cons
cannot carry heavy cargo
highway accidents
heavy trucks damage roads
ship transportation
pros
good for international trade
can carry a lot of bulky low value cargo\
cons
weather can cause problems
airplane transportation
pros
quick
can transport goods to hard to reach areas
good for light, valuable, and perishable goods
cons
very expensive
pipeline transportation
pros
good for moving large amounts of liquids and gases. ex: natural gas and crude oil
cons
very expensive
can only be build if there is a large amount of the resource and if there is no other way of transportation
planned obsolescence
designing products that are meant to be thrown away quickly so they can be bought again
perceived obsolescence
convincing consumers that their perfectly fine products do not have value anymore by changing things like their design
consumption cycle
extraction
production
distribution
consumption
disposal
extraction in the consumer cycle
natural resources are removed from the earth to create our products.
We take too many resources which depletes the earth of what it needs.
This destroys the environment and the people living there, they are forced to move and get a job at a factory because it is their only option.
production in the consumer cycle
natural resources are processed with toxic chemicals which harms the environment, factory workers, and consumers.
during the process of creating goods factories pollute and destroy the environment
distribution in the consumer cycle
the goods are sold quickly at low prices.
companies lower prices by not fairly paying for the process it took to create the product.
consumption in the consumer cycle
consumers are convinced to buy a lot of products quickly and dispose of them to buy new ones.
This causes happiness to go down because people always feel the need to buy the next newest thing to feel valued.
This also causes the amount of waste to increase by a lot.
disposal in the consumer cycle
Waste is dumped in landfills and burned which harms the environment.