What is Trade?
Canada’s Economic Identity
Instructions: Read Pg. 17-21, fill in the note with correct terms & answer the questions below.
Interdependence – The _____ reliance______ of ___two_____ or more ____nations_____ on each other for ____products_______ or _____services______. There are three main areas of interdependence in trade.
1. Primary Industries
Primary industries are those that ____extract________ (take) raw _____materials_________ from nature, _____process______ them slightly to add _ value_to products_____, then sell them to other businesses. Figure 1. Natural resources sectors for Canada
Canada’s major primary industries:
2. ____fishing______, ____trapping_______ and____forestry_______ 3. _____hunting_____ and ____logging_______
Our greatest number of _____exports_______ come from businesses in the ____primary______ sectors.
2. Secondary Industries (Manufacturing)
• Made up of both ____primary______ manufacturing (called processing) and ____secondary_______ manufacturing.
• Secondary manufacturing produces both _____capital______ goods used by businesses and _____consumer______ goods such as ____clothing______ and _____television_______.
• Canada’s economy is based on businesses owned by _____foreign_______ businesses; know as a ____branch______-____plant_______ economy. Figure 3. Balance of trade by major manufacturing industry sectors, 2009 [pic]
Name 5 industries in the Secondary/Manufacturing
category and two examples of products in each.
Cameras, Vending machines
3. Tertiary Industries – Service Industries
• not tangible (touchable) items provided by...
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