Unit 3 - Types of Industries and Businesses

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What is the primary function of industries classified as primary?

Recovery of natural resources from the environment

What was the main consequence of the Industrial Revolution in Britain in the 18th century?

The increase in manufacturing and distribution of goods

What is the main characteristic of the tertiary sector in Canada?

It provides a wide range of services to support primary and secondary industries

What is the main advantage of a sole proprietorship?

Control over decision making

What is the main characteristic of a partnership?

Two or more owners bound by a legal agreement

What is the main characteristic of a corporation?

Shareholders recognized as a legal entity

What is the quaternary sector primarily involved in?

The provision of highly specialized and expensive technology services

What is the main reason why Canada is still dependent on foreign markets for certain goods?

Historical dependence on European markets

What is the main consequence of the movement towards automation in manufacturing?

Decrease in the number of workers needed

What is the main advantage of the transcontinental railway in the development of Canadian industries?

Cheaper transportation of goods across the country

Learn about the classification of human industrial activities into primary, secondary, tertiary, and quaternary sectors. Explore examples from history such as resource extraction, manufacturing, and provision of services.

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