industry that requires a substantial amount of money to start or operate
commune
self sufficient community based on principles of communal property and shared responsibilities
currency exchange rate
the rate at which one currency can be exchanged for another of for gold
end product imports/ exports
imports/exports of finished manufactured products ready for use by a consumer or by a producer of goods or services
export and import permits act
a Canadian law that is used to imposed trade sanctions on goods by means of the area control list the export control list and the import control list
guilds
associations of merchants and crafts people started in the middle ages and organized with in a town for mutual aid or business benefit
interdependence
reliance of two or more groups on the actions of one another to fulfill certain wants or needs
inVestment canada acct
ICA a canadian federal act to provide for the review of significant investments in canada by non canadians
labour intensive
an industry that requires a large number of skilled or unskilled workers
primary industries
industries that are based on raw materials from nature such as agriculture fishing trapping etc...
primary resources
raw materials stemming from a countrys primary resources
protectionism
the practice of protecting domestic industries and economies
resource based imports/exports
imports and exports of primary resources
self sufficiency
the ability to provide for all of ones basic needs without relying on anyone else
semi manufactured items
partially manufactured to the specifications of manufacturers to be finished and used in the final manufacture or assembly of products
special economic measures act
a law that authorizes the Canadian government to apply economic sanctions to response to a serious threat to international peace and security
tariff
customs duty on merchandise imports the purpose of which is to give a price advantage to similiar locally produced goods or to raise revenues for the country
united nations act
canadian act that incorporates into canadian law decisions passed by the un security council
world trade organization
the principal international organization that deals with the rules of trade between and among nations