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Create AccountStagflation, 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).
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.
Statistics is the science concerned with the collection and analysis of numerical information to answer questions wisely. The term also refers to the numerical information that has been collected. Statistics has many applications in Canada, from government censuses and surveys, to decision making in industry, to medical research and technological innovation.
Supply management is a system designed to control the supply — and thereby stabilize the price — of Canadian dairy, chicken, turkey and egg products (see Poultry Farming). It began in 1972 as a response to a series of crises that farmers faced due to decreasing prices for these products.
In late October of 1929, terror seized the stock exchanges of North America. Capitalism’s speculative party, with its galloping share prices and its celebrity millionaires, came to an abrupt stop. The Great Crash, it was called, and it was followed by the Great Depression.
The Great Depression of the early 1930s was a worldwide social and economic shock. Few countries were affected as severely as Canada. Millions of Canadians were left unemployed, hungry and often homeless. The decade became known as the Dirty Thirties due to a crippling droughtin the Prairies, as well as Canada’s dependence on raw material and farm exports. Widespread losses of jobs and savings transformed the country. The Depression triggered the birth of social welfare and the rise of populist political movements. It also led the government to take a more activist role in the economy.
You'd have to go back in Audrey and Owen Freeman's lives to the Christmas of 1964 to find a time such as this - when bleak circumstances should doom the spirit of the season to wander lost in a fog of loneliness, dislocation and worry. It was their second Christmas together.
Underground Economy refers to economic transactions among individuals which are designed to escape detection - also referred to as the irregular economy.
Unemployment is the unused supply of labour in the labour force. The unemployment rate measures unemployment and is expressed as a percentage of the total labour force, which is the total number of people who are 15 years of age and over who are either employed or unemployed. The unemployment rate is calculated by dividing the number of unemployed people by the number of people in the labour force. The unemployment rate is considered an economic indicator, an economic statistic that is used to interpret or understand the health of an economy. There are several types of unemployment and their causes are often debated by economists. The unemployed are not a fixed collection of individuals but an ever-changing group, most of whom might be unemployed only briefly.
During the Great Depression, the federal government sanctioned the creation of a system of unemployment relief camps, where in exchange for room-and-board, single men did physically demanding labour. The government was criticized for establishing the camps rather than addressing the need for reasonable work and wages.
Wage and Price Controls are comprehensive government restrictions on the maximum rate at which wages and prices may increase during a specified time period. Wage and price controls can be distinguished from other types of government price and wage intervention by 2 characteristics.
This article was originally published in Maclean’s magazine on October 20, 1997. Partner content is not updated.
So a smattering of women have actually made it to the top of the heap, the corporate pinnacle, the apex of conventional business achievement. Canada now has women running 10 of the top 500 revenue-churning, publicly traded companies in the land. Huzzahs.
