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 resources, natural and/or resources:
“The open frontier, the hardships of homesteading from scratch, the wealth of natural resources, the whole vast challenge of a continent waiting to be exploited, combined to produce a prevailing materialism and an American drive bent as much, if not more, on money, property, and power than was true of the Old World from which we had fled.”
—Barbara Tuchman (1912–1989)
“The idea that seeing life means going from place to place and doing a great variety of obvious things is an illusion natural to dull minds.”
—Charles Horton Cooley (1864–1929)
“Hearing, seeing and understanding each other, humanity from one end of the earth to the other now lives simultaneously, omnipresent like a god thanks to its own creative ability. And, thanks to its victory over space and time, it would now be splendidly united for all time, if it were not confused again and again by that fatal delusion which causes humankind to keep on destroying this grandiose unity and to destroy itself with the same resources which gave it power over the elements.”
—Stefan Zweig (18811942)