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7 August, 03:56

How have canada's physical resources contributed to its economic prosperity?

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  1. 7 August, 05:56
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    Canada's natural resource has boosted its economy through;

    • Fishing that has contributed to more shipping activities enabling businesspeople to conduct more exports.

    • The major coastline in Canada has contributed to expansion of trade

    • The export of fur and lumber has open doors to other industries in the region to venture in trading activities.

    • Agricultural settlement led to urbanization which contributed to construction of more manufacturing industries.

    • Natural resources companies generate more non-residential capital investment in the country accounting for a major drive towards capital formation.

    • Natural resource products in Canada contribute a larger percentage of rail and marine shipments.
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