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| the way a country manages its money and resources (workers and natural resources) to produce (make something) buy and sell goods and services |
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| To make a company smaller; usually by cutting jobs |
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| Uncontrolled growth of a city (city getting bigger) |
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| How many products people want to buy |
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| Action of helping someone; anything you pay for that is not a good (you cannot touch, like chiropractor, doctor, hair stylist) |
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| workers working for less money from another country (illegal) |
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| when a product can only be made from a natural resource (oil, gas, fish) |
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| when a product can only be made in a factory (Nintendo, computer, car) |
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| an industry involved in the collection of a natural resource |
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| how many items that were made to sell |
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| a section of the market (a subdivision of the market) |
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| an enterprise operating in several countries but managed from one country. A company that is in several countries. |
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| the worldwide movement toward economic security (financial, trade and communications) |
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| drastically changing things in a company |
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| factors that help companies know who to sell to (Nike sells to athletes) |
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| person working at a job for which they are overqualified |
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| Using the product, and afterward the product is destroyed (drinking the coke, eating the apple) |
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| When not enough of the product is available for the demand. (Supply is too little, demand is too high) |
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| Something I spend money on that I can touch |
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| The way businesses try to sell their stuff (companies promote their goods or services by advertising them) |
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| supply of money, staff or materials needed for a company to function. |
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| the percentage of people able to work (labour force) but are unemployed (don't have a job) |
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| an index (list) of cost of all goods and services a person (consumer) will typically pay |
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| someone who will or is buying something |
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| a measure of how efficient (well) a person, machine or factory is working |
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| the recurring general pattern of a company's economic position...1. growth (expansion) 2. peak (highest point in success 3. recession (less successful or smaller) 4. recovery (tries to get back to the way it was) |
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| the official counting of the citizens of a country |
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| a grouping of census division |
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| gas occurring naturally underground (a natural resource) |
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| fish that live on the bottom or near the bottom of the water they inhabit |
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| a unit of measurement, usually used in oil |
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| when a company in Canada belongs to another company with headquarters in another country |
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| an exchange done quickly or online |
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| the waste from the mining industry |
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| a raw material that can be bought or sold (coffee, copper) |
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| the basic material needed to create a product (logs) |
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| stony waste material during the refining of ore |
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| a thick layer of soil that is frozen throughout the whole year |
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| a rare, blue-tinged igneous rock sometimes containing diamonds |
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| A project costing more than $1 billion US |
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| a kind of oil that comes from below the ground and is used in making gas |
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| loose sand containing petroleum. Lots of oil sands in Alberta |
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| having 2 sides or involving 2 countries |
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| making sure people can buy products made in Canada before they can buy the same product made in another country |
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| a tax to be paid on a good coming to Canada from another country |
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| another country other than Canada (in our case) |
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| an intergovernmental agreement for goods to be traded easily between countries |
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| North American Free Trade Act- US/Canada/Mexico agree to remove most taxes and tariffs so trade between countries can happen easily |
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| an official ban on trade with a particular country as a punishment (not allowing another country to sell things to your country because you don't agree with something they have done) |
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| a limited amount of a product being allowed to be produced by the government. |
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