150 likes | 171 Views
Learn about Productive Resources including Human, Natural, and Capital Resources, essential for economic production in Canada. Understand the significance of skilled labor, education, and modernized capital resources in driving efficiency. Explore primary, secondary, and tertiary industries in the production process.
E N D
Productive Resources • Made up of: • Human Resources or “labour” • Natural Resources • Capital Resources and • The Entrepreneur (self-employed business owner)
Natural Resources • All of the resources that occur in nature that have value and can be used in production. • Usually called “land” by economists, these include all the “free gifts of nature.” • Ex. Land, minerals, trees, water, rivers, fish, animals, etc.
Canadian Natural Resources • Fertile low-lying land in the Prairies, around the Great Lakes, and the St. Lawrence lowlands. • Forestry in BC, Ontario, Quebec, and Atlantic Canada. • Commercial fishing in the Pacific and Atlantic Oceans. (1992 cod moratorium) • Canadian Shield has minerals • Reserves of coal (ex. Cape Breton), oil (Alberta), and natural gas (Sable Island).
Human Resources • Are manual or non-manual labour provided by workers to produce goods and services. • Ex. Skilled labourers, doctors, teachers, computer technicians, • Four major characteristics: health, education and skills, work attitudes, population size.
Human Resources • Health – healthy workers are more productive • Education – the more educated the population is, the more productive the country tends to be • Canada has one of the world’s most highly educated populations
Human Resources • Population size – the higher the working age population the more people there to support the non-working population (aged and young, etc.) • “Baby Boom” in the 1950’s = 4 children per household. By the 1990’s, 1.7 children per household • Immigration and emigration
Capital Resources • Goods that are used in the production of other goods and services • A means to an end • Modernized capital resources make production more efficient (technology)
Capital Resources • In order for capital resources to be produced • Time must be diverted from the production of consumption goods and services • Communities must have the skills to produce them • Communities must have the resources to devote to producing them (ie. Not just surviving)
Production • Is present in any activity that serves to satisfy human wants (good AND services) • Involves the combining of economic resources (“land, labour, capital, & entrepreneurial ability)
Production • All productive activity can be divided into three categories: • Primary industries • Secondary industries • Tertiary industries
Primary Industries • Are concerned with obtaining or providing natural raw materials for conversion into products for the consumer • Concerned with natural resources • mining, farming, fisheries, forestry, etc.
Secondary Industries • Convert the raw materials provided by primary industry into finished goods (consumer or capital goods) • Manufacturing industry • Use capital resources
Tertiary Industries • Concerned with selling the good. • Transport it to store, market it, sell it, deliver it, repair it • A vital link between the producer and the consumer
Remember • Production refers to the production of goods AND services • education (teachers), medical care (doctors, nurses), entertainment (performers), travel (tour guide), etc. are all a part of production.