Monthly Archives: June 2013

My Memory Book

School Memory Book.doc


Download and customize!

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Interview Help for New Grads

Good luck on your future endeavors, grads!

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Grade 8 Geography: Economics

Economic Systems plan – Workbook.pdf

  1. Define economic system. Be able to explain the 2 main parts of an economic system.
  2. Identify and describe the four main types of economic systems. Give examples to show which economic system is most used in Canada today.
  3. Know the definitions of:
  • market,
  • consumer,

4. Key Vocabulary- Match the word in Column A to an appropriate term in Column B.

Capital 1. The effort of humans to produce goods and services
Subsistence Farming 2. Goods and services that improve life and can be touched or counted
Labour 3. Factors that improve life but cannot be touched, such as human rights
Gross Domestic ProductGross National Product 4. The natural resources available to a culture for economic activity
Technology 5. Anything that can be bought or sold
Material Wealth 6. Resources used in economic activity that are not natural resources, for example, machinery and knowledge
Formal Economic Activity 7. Work for which records are not kept
Non-Material Wealth 8. Money used to make economic activities possible
Land 9. Loans taken out by a country to improve the quality of life of its people
Commodities 10. Rapid development of manufacturing, usually as agriculture is declining
Informal Economic Activity 11. Statistics that measure the value of goods and services in a country
Foreign Debt 12. Meeting the basic needs of survival
Industrialization 13. Work for which wages are paid and records are kept


5. Applying Your Knowledge:

After viewing, explain how you think we should change our economy’s production and distribution methods.


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