BC'S ECONOMY Flashcards
What were some of BC natural resources
Trees , minerals and fish
What are jobs that do not create a product called
Service Industry
What is consumption
Use of products
What is an activity that processes raw materials to make finished products
Secondary
What is capital
Money invested in a company to make profit
What is money for an industry to be located in a specific area called
Incentive grants
What is a company controlled by a larger company called
Subsidiary
What is the distribution and selling of goods called
Tertiary
What are sustained yields
Use of a resource at a rate so it can renew itself
What is the tax on imported Canadian products called
Tariffs
What are conditions that determine where to set up a factory
Location factors
What is disparity
Regional inequality between nations
What is a Canadian plant owned by a foreign company called
Branch plant
What is the use of tariff to counterbalance an unfair trading agreement called
Countervailing duty
What is the right of political freedom
Autonomy
What is the ability to remain culturally separate from a foreign country
Cultural sovereignty
What is quota
A set limit on the amount of trade
What is the method of controlling imports without tariffs
Non tariff barrier
What is concentration on a particular activity or product called
Specialization
What are content regulations
Restriction placed on canadian radio and tv stations regarding minimum amount of canadian content
What is the nation energy program
An example of non tariff barriers to trade in respect to our oil and gas industry
