Economy | The Canadian Encyclopedia

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Displaying 91-102 of 102 results

  • Article

    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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    https://development.thecanadianencyclopedia.ca/images/tce_placeholder.jpg?v=e9dca980c9bdb3aa11e832e7ea94f5d9 Stagflation

  • Article

    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.

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  • Article

    Statistics

    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.

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  • Article

    Supply Management in Canada

    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.

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  • Editorial

    The Great Crash of 1929 in Canada

    The following article is an editorial written by The Canadian Encyclopedia staff. Editorials are not usually updated. 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.

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  • Macleans

    The Recession That Saved Christmas

    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.This article was originally published in Maclean's Magazine on January 5, 2009

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  • Article

    Triangular Trade

    The triangular trade was a trade route connecting France, New France and the West Indies. It was established by France’s comptroller general of finance, Jean-Baptiste Colbert, and applied in Canada in 1667 by Jean Talon, the intendant of New France. The triangular trade enabled New France to diversify its economy and establish its position on the international trade networks.

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  • Article

    Underground Economy in Canada

    The underground economy is defined by the Canada Revenue Agency as “economic transactions in goods or services which are unreported, resulting in failure to comply with tax laws administered by the Canada Revenue Agency.” (See also Taxation in Canada.) Statistics Canada reported that the annual 2021 estimate for the underground economy was $68.5 billion. This accounted for 2.7 per cent of Canada’s total Gross Domestic Product (GDP) in 2021. (See also Economy.)

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  • Article

    Unemployment in Canada

    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.

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  • Article

    Unemployment Relief Camps

    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.

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  • Article

    Wage and Price Controls

    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.

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    https://development.thecanadianencyclopedia.ca/images/tce_placeholder.jpg?v=e9dca980c9bdb3aa11e832e7ea94f5d9 Wage and Price Controls

  • Macleans

    Women Hit Glass Ceiling

    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.

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