Browse "Economy"

Displaying 61-80 of 89 results
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Labour Market

The labour market is a generalized concept denoting the interaction between the supply (number of persons available for work) and the demand (number of jobs available) and the wage rate.

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Laurentian Thesis

 Laurentian Thesis, an influential theory of economic and national development set forth by several major English Canadian historians from the 1930s through the 1950s.

Macleans

Martin Reports a Surplus

Finance Minister Paul Martin’s mission was clear in delivering his annual fall economic update. Douse hopes that much new spending is in the works. Dismiss the argument that Ottawa can afford a big reduction in Employment Insurance premiums.

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Mercantilism

Mercantilism is an economic theory that holds there is a fixed amount of wealth in the world and that a nation's prosperity depends on its success in accumulating wealth by exporting more than it imports, thereby earning profits from its exports.

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Minimum Wage

Minimum wage is the lowest hourly wage that an employer is legally permitted to pay to employees. There are 2 sets of minimum-wage laws, reflecting the division of powers between the federal and provincial governments.

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Municipal Loan Fund

 The Municipal Loan fund, established 10 November 1852 in Canada West, was created largely by Francis HINCKS, co-premier of the Province of Canada, whose government's central policy was railway development.

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Mutual Aid

Mutual Aid is the principal economic means by which Canada assisted its allies with food, raw materials and munitions from May 1943 until the end of WORLD WAR II. The Mutual Aid Board, chaired by C.D.

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National Income

National income, strictly, is a money measure of the incomes received or accruing to residents of a country as owners of the agents of production, during a specified period of time.

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Navigation Acts

The Navigation Acts were a complex set of British laws dating from 1651 and 1660, regulating British and later imperial shipping and trade to foster economic and naval power.

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Protectionism

Protectionism refers to government policies that shield domestic production (and producers) from foreign competition.

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Radical Economics

Originally the word "radical" meant relentlessly seeking the root of a problem and not shrinking from the action that follows as a logical consequence of its findings. More popularly, it denotes a sharp departure from conventional, orthodox interpretations of reality.

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Recession in Canada

A recession is a temporary period of time when the overall economy declines; it is an expected part of the business cycle. This period usually includes declines in industrial and agricultural production, trade, incomes, stock markets, consumer spending, and levels of employment. In purely technical terms, a recession occurs when two or more successive quarters (six months) show a drop in real gross domestic product (GDP), i.e., the measure of total economic output in the economy after accounting for inflation. In this sense, recessions are broad and can be particularly painful and challenging times for a country.

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Recession of 2008–09 in Canada

The global financial crisis that began in 2007 dragged much of the world economy into recession, and Canada was not spared. Although the effects on Canada were milder than on the United States and in Europe, the Canadian recession of 2008–09 was still severe enough to generate sharp declines in output and employment and to require significant responses by Canadian policy-makers.

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Regional Economics in Canada

​There are major economic differences among Canada’s four main geographic regions — Ontario, Québec, the West and Atlantic Canada — each affected by its own history of economic development, industrial location, urbanization, land use and migration.

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Stagflation

Stagflation, the combination of high unemployment and high rates of INFLATION. Prior to the late 1960s, variations in economic activity were caused primarily by "demand shocks" (fluctuations in aggregate demand or total expenditure).

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Standard of Living

The standard of living is a measure of economic welfare. It generally refers to the availability of scarce goods and services, usually measured by per capita income or per capita consumption, calculated in constant dollars, to satisfy wants rather than needs.