1. ECONOMY

2. Quebec and the World  
Quebec needs to focus on a knowledge based economy to adapt to global market.
Quebec does this through training programs and investment in research and development of new industries
Quebec’s high tech industries are oriented toward aeronautic and information technologies
The importance of global markets can be seen by the fact that over 50% of GDP is exports
Quebec is dependent on international trade for development of its economy

3. Market Economy Quebec is a Mixed Market economy
Mixed because the government has some control over the means of production
A market economy is about coordinating what is made (production and distribution) according to supply and demand
Supply is how much is available for sale at a given price
demand is how much is wanted at any given price 
Market is where the customer decides how and what they consume based on their resources: this is how price is set 

4. Market Economy Part 2
The market system tries to balance the needs of the people versus the available resources.
Those who have the capital resources(means of production) supply products to make a profit
Weakness in this system is that if you do not take part in production it leads to inequalities
Taxes are used to balance this issue hence why it is a mixed system

5. Sectors of the Economy There are three sectors of the Economy:
1) Primary: Natural Resources
2) Secondary: Production
3) Tertiary: Services
Production has been limited due to global economic issues
Most people work in the tertiary sector
The primary sector has the fewest people involved but is the most valuable to the economy

6. Natural resources
Quebec provides services and produces goods according to its people's needs and available resources
Quebec is rich in Natural resources
Quebec also processes Natural resources into finished products for example: food processing or wood and metal products

7. Economic Hubs
Economic activity is distributed by resources and workforce
Thus cities like Montreal are hubs of economic activity as they are home to most of the population and processing companies
Due to this cities attract companies.
They also attract population due to the availability of work
Thus economics affects distribution of population

8. Regional Economy
Economy of the outlying regions usually depends on the collection of Natural resources
This makes some regions wealthy like Abitibi and Cote Nord due to their control of most of Quebec's mining
In some areas economic development is based on one product
So if something happens to the market or competition from other sources it can cause economic hardship for these regions
Thus there are inequalities of economic opportunity in the Quebec outlying regions