Maximizing Resource Utilization for Sustainable Growth

1. What Creates Scarcity?

2. Land • What impacts might this decision about using the land have on the land? • If land is used for one purpose, it may not be available for another • Are the resources being used to provide the best return on investment • Is this application of the land/resource sustainable for the environment

3. Labour • How do choices concerning jobs affect the workforce? • When there are plenty of jobs, workers can choose where they want to work • Employers may offer incentives to keep valuable workers, especially if markets are very active. They may also take measures to find work for those employees during downturns • Employees may choose to stay with an employer they like and trust rather than switch to another position

4. Labour cont. • If workers are mobile, they can choose jobs anywhere in Canada that offer the best opportunities for them • Workers may choose certain jobs and remain with a good employer, just to gain experience

5. Capital • What if the capital that built this airplane plant were invested in something else? What impact might this have on airports and air services? • The airport may lose business • The airport may have to look elsewhere for customers, or even diversify and make the airport serve another business, such as a mall • Air services may be cut back, inconveniencing customers who want flights to destinations that are no longer serviced