Natural Resources
All currency is in Canadian dollars.
Exploitation of natural resources is a major part of the economic geography of Newfoundland and Labrador. In 2005 the gross domestic product (GDP) of Newfoundland and Labrador was approximately fourteen billion dollars. Service industries accounted for over $8 billion and resource-based activities such as mining, oil production, fishery and forest-based industries (sawmills and paper mills) accounted for the remainder.
Read more about this topic: Geography Of Newfoundland And Labrador
Famous quotes containing the words natural and/or resources:
“Whenever there are in any country uncultivated lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right. The earth is given as a common stock for man to labor and live on.... The small landowners are the most precious part of a state.”
—Thomas Jefferson (1743–1826)
“Your children don’t have equal talents now and they won’t have equal opportunities later in life. You may be able to divide resources equally in childhood, but your best efforts won’t succeed in shielding them from personal or physical crises. . . . Your heart will be broken a thousand times if you really expect to equalize your children’s happiness by striving to love them equally.”
—Marianne E. Neifert (20th century)