How Do Economic Systems Influence Industries Across Canada And The World?

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.

Labour

People are very important to the distribution and advertisement of a good or service.

Land

Natural Resources including: Water, soil, forests, animals, minerals, and energy sources.

Capital

Money available for investment in goods/services to help benefit their buisness and increase production of wealth.

Who Produces Goods And Services?

Artists, farmers, electricians, and dentists all produce different types of goods and services.

How Are Goods And Services Produced?

Assembly-Line Process for mass production in products.

How Are Goods And Services Distributed?

Stores like Canadian Tire and Tim Hortons use trucks to deliver their goods.

For Whom Are The Goods And Services Produced?

Buisnesses offer consumers goods and/or services depending on the needs of the customers.

What Goods And Services Are Produced?

Geography (weather, climate, natural resources) can often determine what products and how many products/services are produced.