Unit 3: Managing Canada’s Resources Flashcards
Resource
Anything that can be used to produce goods and services
Industry
A classification that refers to a group of companies that are related in terms of their primary business activities
Total stock
All the parts of the natural environment taken together
Carrying capacity
The ability of the environment to support a population of people without environmental damage
Sustainability
Improving the quality of human life while living within the carrying capacity of supporting ecosystems
Natural resource
Anything that people find useful which comes from nature
Renewable resource
Resourced that can be regenerated if used carefully. Ex.trees,crops,natural fish supplies
Non renewable resource
Resources that are limited and can’t be replaced once they are used up
Flow resource
Replaced by natural actions whether humans use them or not. Ex. Water, air, wind
Primary industries
Industries that extract raw materials from the environment
Secondary industry
Industries involved in the manufacturing/processing of the raw materials. Ex. Furniture, automobiles
Tertiary industries
Industries concentrated in the service sector. Ex. Car dealership, real estate agent
Quarter nary sector
A way to describe a knowledge-based part of the economy. Ex. It consultant, research and development etc.
The three R’s
Reduce, Reuse, Recycle
The most potential resource saving
Reduce. The item is neither purchased nor produced
FSC
Forest stewardship council. It promotes responsible forest management
Sustainable yield management (forestry)
Maintaining production capacity and maintaining the natural renewal capacity of forest vegetation
Sustainable yield management (fishery)
Managing the fish capacity
Fossil fuels
Made from decomposing plants and animals and can be burned for energy. Ex. Coal, oil, and natural gas
Strip mining
Cheapest method, but used to extract minerals close to the surface, ex. Gravel, sand, oil sands
Open pit mining
More expensive than strip mining. Diamonds are mined using this method
Underground mining
The most expensive mining. Used to extract minerals more than 1000m underground. Ex. Potash, gold, nickel
Energy demand of industrial
48%
Energy demand of transportation
25%
Energy demand of residential
14%
Energy demand of commercial
13%
Tariff
A tax imposed by the government for the export or import of goods
Free trade
The production of goods can be spread across many companies in different countries
Basic job
Job that recieves its money from outside its industry
Non-basic job
Money that’s recieved from inside the industry
Multiplier effect
The increase in total wealth or income that occurs when new money is injected into an economy
