Ethical Issues of Imperial Tobacco

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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:
1. _____agriculture________
2. ____fishing______, ____trapping_______ and____forestry_______ 3. _____hunting_____ and ____logging_______
4. ____energy______
5. ____mining______
6. ____water______

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.

IndustryExamples
1. AutomotiveChevrolet, Cadillac
2. ChemicalSoaps, Cosmetics
3. Machinery Cameras, Vending machines
4. Food Foods, Beverages
5. InformationComputers, Telephone

3. Tertiary Industries – Service Industries

• not tangible (touchable) items provided by...
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