A) products of heavy industry brought in more money
B) there more people trained to work in heavy industries
C)Consumer goods are not good economic investments
D) The product of heavy industry provide material for many other industries.
Posts Tagged Have
Why Might Soviet Economic Planners Have Favored Heavy Industry Over The Markets Of Consumer Goods?
What Are The Main Exports And Inports Of Canada? And Evalute Why They Have To Import What They Do?
Exports: Raw materials, including logs, minerals, food (grains, cattle, fish), oil and gas; tourists.
Imports: Consumer goods of every variety – including the finished products derived from the raw materials that we exported.
Why do we import what we do? Because Canada’s economy has been traditionally a resource-based economy, and the combination of habit (there was a “buy Canadian” campagne a few years ago) of buying foreign-made goods, and the fact that our population is relatively small (approximately the same as California) and yet spread across the 2nd largest country in the world, it’s just a logistic nightmare. We have highways and railways that go coast-to-coast, but it’s far more economical to import the same item from the US, than it is to have it transported across the country.
Also, when countries such as the US produce an item, they can produce much larger quantities of the said item at a far lower price than Canada can. As our population base is so much smaller, our mass production is not at the same scale as it is in the US, Japan, China, etc.
I should also add that the governments don’t help much either. With international agreements, and trading missions carried out by the various levels of governments, the various industries (good example: forestry) are encouraged to ship the raw, unfinished materials (logs) than to actually finish them within the country before exporting them. Unfortunately this is a hard habit to break as the purchasing countries would rather buy the logs cheap and employ their own people to finish them.
Good luck on your paper.