The economy of Quebec Big Idea How has Quebec and Canada’s economy been independent or dependant through history?

Economy: A Definition An economy is the system of human activities related to the production, distribution, exchange, and consumption of goods and services of a country or other area.

Primary sector of the economy: Involves the extraction and production of raw materials, such as corn, coal, wood and iron. (A coal miner and a fisherman would be workers in the primary sector.)

Secondary sector of the economy: Involves the transformation of raw or intermediate materials into goods e.g. manufacturing steel into cars, or textiles into clothing. (A builder and a dressmaker would be workers in the secondary sector.)

Tertiary sector of the economy: Involves the provision of services to consumers and businesses, such as baby-sitting, cinema and banking. (A shopkeeper and an accountant would be workers in the tertiary sector.)

Factors of Production factors of production are the resources used to produce goods and services Land or natural resources – naturally-occurring goods such as water, air, soil, minerals, animals etc., that are used in the creation of products. Labor – human effort used in production, which also includes technical and marketing expertise.

Factors of Production Con’t 3. Capital stock – human-made goods that are used in the production of other goods. These include machinery, tools and buildings. Capital may also refer to the money to buy these goods

Supply and Demand If demand increases and supply remains unchanged then price goes ________. If demand decreases and supply remains the same then price goes _________. If supply increases and demand remains unchanged then price goes _________. If supply decreases and demand remains the same then price goes _________.

8% Ter 71.3% Prim 2.5% 28.6% 6% Ter 92% 2% Prim 26.9% 10% Ter 85% 0.2% Region and Population Unemployment Rate Top Employment Sector Last employment Sector Total post secondary education (all) % Merchandise Exports ($) All of Quebec 8% Ter 71.3% Prim 2.5% 28.6% 61873800k Outaouais 6% Ter 92% 2% Prim 26.9% 593800k Montreal 10% Ter 85% 0.2% 26.2% 25234100k Abitibi 9.2% Ter 76% 11% Sec 26.3% 666400k

Last employment Sector Total post secondary education (all) % Region and Population Unemployment Rate Top Employment Sector Last employment Sector Total post secondary education (all) % Merchandise Exports ($) All of Quebec Outaouais Montreal Abitibi

What difference do you notice with regards to the top and last employment sectors?