av Joey Li 11 år siden
803
How Do Economic Systems Influence Industries Across Canada And The World?
Economic systems significantly impact industries both in Canada and globally by addressing key questions about the production and distribution of goods and services. Businesses cater to consumer needs, and distribution often involves logistical methods like transportation by truck.
Åpne
How Do Economic Systems Influence Industries Across Canada And The World? The Five Economic Questions What Goods And Services Are Produced? Geography (weather, climate, natural resources) can often determine what products and how many products/services are produced. For Whom Are The Goods And Services Produced? Buisnesses offer consumers goods and/or services depending on the needs of the customers. How Are Goods And Services Distributed? Stores like Canadian Tire and Tim Hortons use trucks to deliver their goods. How Are Goods And Services Produced? Assembly-Line Process for mass production in products. Who Produces Goods And Services? Artists, farmers, electricians, and dentists all produce different types of goods and services. Four Economic Resources Capital Money available for investment in goods/services to help benefit their buisness and increase production of wealth. Land Natural Resources including: Water, soil, forests, animals, minerals, and energy sources. Labour People are very important to the distribution and advertisement of a good or service. Entrepeneurship A person or group (entrepeneurs) who create buisnesses where their actions are affected and can cause the area or region to either suffer or benefit.
