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A natural resource is a substance,

Natural resources are substances found in nature that satisfy the needs of living organisms. They are categorized as renewable or non-renewable, with sustainable practices necessary for their management. The document also discusses the importance of foreign trade, sustainability, and the impact of the cod moratorium on the fishing industry in Canada.

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6 views2 pages

A natural resource is a substance,

Natural resources are substances found in nature that satisfy the needs of living organisms. They are categorized as renewable or non-renewable, with sustainable practices necessary for their management. The document also discusses the importance of foreign trade, sustainability, and the impact of the cod moratorium on the fishing industry in Canada.

Uploaded by

kapsikipsa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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A natural resource is a substance, organism or object found in nature.

It is used to satisfy the needs (energy, food, etc.) of humans, animals or plants.

RENEWABLE VS. NON-RENEWABLE


Renewable: Resources whose consumption does not diminish the resource on a uman
scale; they can be replacedunless they are poorly managed. (Geothermal, fisheries,
forestry)
Non-Renewable: A resource that does not renew itself quickly enough on a human
scale, so it ca only be used once. (Nuclear products, coal, oil)

DYNAMIC RESOURCES
Resources that are replenished naturally, but lost if not used when produced.
(Hydroelectriciy)

SUSTAINED YIELD OPERATION/BALANCED YIELD MANAGEMENT


This is the use of a renewable resource tat a rate that llows the resource to renew
itself. For example, the number of fish caught should not exceed the number of fish
that reach maturity.

Forestry: Trees
Fisheries: Fish
Mining: Minierals
Agriculture: Fertile Soil
Water: Water
Energy: Oil, petroleum, sun

INDUSTRY
A group of related businesses or jobs
Industries are grouped into different sectors, according to their functions
(primary, secondary, tertiary)

RAW MATS VS PRODUCTS


!!!!!!!!!!!!!!!!!!!!!!!

PRIMARY SECTOR INDUSTRY


Extraction of resources and production of raw materials (forestry, mining)

SECONDARY SECTOR INDUSTRY


Use of raw materials to create products (Plants, manufacturing)

TERTIARY SECTOR INDUSTRY


Service provision
(transportation, stores, banks)

QUATENARY SECTOR INDUSTRY


Specialized services and knowledge- and technology-based sectors (Research,
education, Programming)

-------------------------------------------------------------------------------
~Foreign Trade~

No country can produce everything it needs to live.


Countries rely on trade with other countries to get all the prducts they don't
produce themselves

TARIFFS: International product tax


FREE TRADE
- Countries trade goods and services freely
- No Tariffs on trade
- Brings lots of international compeitition which promotes innovation
- Domestic companies can be dominated by foreign firms.

BENEFITS OF AGREEMENTS
- Create stable rules for foreign trade.
- Facilitates trade between countries
- Gives access to different economic markets
- Serve to cement international relationships

----------------------------------------------------------------------------------
~Sustainability and Resource Use~

- Sustainability first introduced in 1980


- tries to create connections between environemtnal issues and social economic ones
- 1987 --> "sustainable developement" was outlineed in the United Nations World
Commision on Enviroentmna dn Devlopment as part of the Brundtland Report
- "Development that meets the needs of the present wihtout compromising the
ability of future generations to meet their own needs."

SUSTAINABILITY?
First appeared in Brundtland Report Published in 1987
Warned us about the negative environmental consequences of fEconomic
development and globalization.
Written to offer solutions to problems caused by industrialization and
population growth.
Sustainability tries to secure present needs without compromising Future
Generation

HOW?
1. Environment protection
2. Social Development
3. Economic Growth

PROMOTES: Social development, seeking cohesion between communities and cultures to


achieve satisfactory quality of life, Health and Education

COD MORATORIUM
July 2nd, 1992 --> Canadian government imposed a moratorium on the Northern cod
fishery alon gthe country's east coast. Overfishing severely depleted cod stoc.
Closure ended 500 years of fishing activity in Newfoundland. This put 30,000 people
out of work.
Governments gave a variety of financial aid
Shellfish industry absorbed some workers
Uneployment is still very high cus of moratorium

1990 --> total landed value of all species was $277 million, Cod was $134 (48%)\\

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