Canada produces goods and services through a diverse economy that includes natural resource extraction, manufacturing, and a robust service sector. The country benefits from abundant Natural Resources, such as oil, minerals, and timber, which support industries like energy and forestry. Manufacturing plays a significant role, particularly in automobiles, aerospace, and technology. Additionally, the service sector, including finance, healthcare, and education, is a major contributor to Canada's GDP, reflecting the country's emphasis on innovation and skilled labor.
good
What to produce? A nation must determine what good or services that they want to produce. How many and when?How to produce? Who will do the production, the resources and what production techniques they will use.For whom to produce? Who will gets the services and who will buy the goods produces.
Canada is one of the wealthiest of the world's nations. Its economy is dominated by the service industry, with logging and oil production serving major roles as well.
Lumber for one... wheat. There are many. Simply think of what products or services Canada has a low-cost for. In other words, if the product has a low opportunity cost to another product, then chances are that country will export or "produce" in comparative advantage.
Capital
What good and services to produce?
good
businessess produce goods and services and sells them to households
It's an economy
they produced something good
What to produce? A nation must determine what good or services that they want to produce. How many and when?How to produce? Who will do the production, the resources and what production techniques they will use.For whom to produce? Who will gets the services and who will buy the goods produces.
Canada is one of the wealthiest of the world's nations. Its economy is dominated by the service industry, with logging and oil production serving major roles as well.
RESOURCE?
Lumber for one... wheat. There are many. Simply think of what products or services Canada has a low-cost for. In other words, if the product has a low opportunity cost to another product, then chances are that country will export or "produce" in comparative advantage.
The Royal Bank of Canada offers the usual banking services of holding accounts for people. It offers good rates of interest and it allows its customers to bank online.
no just no
Any where really ether steep ground or wet.