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What types of manufacturing are important to Canada's economy?
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∙ 12y ago
Wiki User
∙ 12y ago
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What is the importance in the economy of manufacturing business?
A healthy economy will have a strong manufacturing base. This will help to keep many people employed and be a source of exporting the goods and lessen the need for importing certain products. Certain types of domestic manufacturing are also vital for a nation's economy. As an example, aerospace and defense product manufacturing creates a situation where arms and warplanes, as one example, are not dependent upon a foreign source of manufacturing.
What does it mean to say US has a service economy?
Economies have several types of businesses, such as agricultural, manufacturing and service. Agricultural and manufacturing businesses are self-explanatory. Service business are ones that provided services like telephone, sales, medical and the like to the economy. A country's economy is called a service economy if its businesses are predominantly service oriented as opposed to agricultural or manufacturing oriented. The US has more businesses that provide services to the public than farming or manufacturing businesses, therefore it is a service economy.
What are the 4 main types of economic systems?
the 4 main types of economic systems are: a market economy, a mixed economy, a planed economy, and a traditional economy
What are three main types of economics?
The three main types of economics are traditional economy, command economy (AKA planed or directed economy)& free enterprise economy (AKA private capitalism or the market economy)
What is one economy type?
There are 3 types. Market economy, Planned economy and Mixed economy (most common).
What are the types of manufacturing?
There are many types like Custom manufacturing and intermittent manufacturing The types of manufacturing important to Canada's economy include automobile manufacturing, oil refining, paper and pulp industries, beer brewing, and high-tech industries. Other important activities include meat processing and iron and steel manufacturing. Manufacturing involves the transformation of a natural resource into a more useful or useable form. Canada has a long history of manufacturing and is a world leader in these activities. It is also a modern economy and its high-tech industries supply products to the space industry. About 16% of the labor force has jobs in manufacturing and manufacturing accounts for about 20% of the output of the country.
Name three types of important jobs that are significant to the economy of Houston?
What are 3 types of important jobs that are significant to the economy of Houston
What is the importance in the economy of manufacturing business?
A healthy economy will have a strong manufacturing base. This will help to keep many people employed and be a source of exporting the goods and lessen the need for importing certain products. Certain types of domestic manufacturing are also vital for a nation's economy. As an example, aerospace and defense product manufacturing creates a situation where arms and warplanes, as one example, are not dependent upon a foreign source of manufacturing.
What types of manufacturing are important in Canada's economy?
There is a large car making industry in Canada, as well as a substantial pulp and paper industry, a lumber industry, a beer industry, a maple syrup industry, etc.
What is the importance in the economy of business?
A healthy economy will have a strong manufacturing base. This will help to keep many people employed and be a source of exporting the goods and lessen the need for importing certain products. Certain types of domestic manufacturing are also vital for a nation's economy. As an example, aerospace and defense product manufacturing creates a situation where arms and warplanes, as one example, are not dependent upon a foreign source of manufacturing.
What does it mean to say the US has a service economy?
Economies have several types of businesses, such as agricultural, manufacturing and service. Agricultural and manufacturing businesses are self-explanatory. Service business are ones that provided services like telephone, sales, medical and the like to the economy. A country's economy is called a service economy if its businesses are predominantly service oriented as opposed to agricultural or manufacturing oriented. The US has more businesses that provide services to the public than farming or manufacturing businesses, therefore it is a service economy.
What does it mean to say US has a service economy?
Economies have several types of businesses, such as agricultural, manufacturing and service. Agricultural and manufacturing businesses are self-explanatory. Service business are ones that provided services like telephone, sales, medical and the like to the economy. A country's economy is called a service economy if its businesses are predominantly service oriented as opposed to agricultural or manufacturing oriented. The US has more businesses that provide services to the public than farming or manufacturing businesses, therefore it is a service economy.
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What are the 4 main types of economic systems?
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