1. What is basic and nonbasic employment, and why are both of these important to
ID: 154483 • Letter: 1
Question
1. What is basic and nonbasic employment, and why are both of these important to the local economies of communities in North America?2. What is it important to understand how North America’s political economy functions as compared to understanding its basic economic patterns?
3. What are at least three examples of types of economic production in the primary sector of the North American economy?
4. What is the technological treadmill, and why has this proven to be a challenge for farmers in marginal areas in the North American heartland during the past two and a half decades or so?
5. Why are both Canada and the United States known as federal states?
1. What is basic and nonbasic employment, and why are both of these important to the local economies of communities in North America?
2. What is it important to understand how North America’s political economy functions as compared to understanding its basic economic patterns?
3. What are at least three examples of types of economic production in the primary sector of the North American economy?
4. What is the technological treadmill, and why has this proven to be a challenge for farmers in marginal areas in the North American heartland during the past two and a half decades or so?
5. Why are both Canada and the United States known as federal states?
1. What is basic and nonbasic employment, and why are both of these important to the local economies of communities in North America?
2. What is it important to understand how North America’s political economy functions as compared to understanding its basic economic patterns?
3. What are at least three examples of types of economic production in the primary sector of the North American economy?
4. What is the technological treadmill, and why has this proven to be a challenge for farmers in marginal areas in the North American heartland during the past two and a half decades or so?
5. Why are both Canada and the United States known as federal states?
Explanation / Answer
1. Employment is of mainly two types - Basic and Non basic employment. Basic employment is basically like the engine of a local economy largely because it's ties to the existing larger economy makes the local economy much stronger and allows the local company to globally expand. Basic employment is mostly made up of those industries that rely on the external factors to fuel their demand. For example : logging, mining etc. On the contrary, non basic employment is where the employers entirely depend and employ local workers to meet their needs. For example : restaurants and local grocery shops. Both of these are important to the local economies of communities in North America because most of the workers depend upon the non basic employment to make their living and basic employment helps improve the economy of the country on the whole.
2. North America's political economy mostly includes the links between North America's politics and it's economy. Economic patterns and their linkages have a major impact on it's political dynamics and the relationships between most of the regions in North America and its political relations with the rest of the world.
3. The primary sector mainly includes those industries which are involved in extracting much of it's resources from the natural environment. Examples of such types of economic production in the primary sector industries include :
4. Farmers always try to increase their yields per acre or to decrease their costs per acre so that they can increase their profits. They do this through today's modern technological innovations. However, increasing yields further result in a much larger supply of crops which again reduces/depresses their prices. As the prices drop, the farmers are forced by falling profits to invest in further new innovations. The technological treadmill has thus resulted in much higher and higher yields per acre and larger farm sizes thus forcing much less successful farmers into bankruptcy.
5. In Canada, the governmental power is mainly shared between a provincial and centralized, or with the state or government. In contrast, United States has a very strong central government that delegates most of its power to the regional or to it's local governments.
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