COMMERCE 1E03 Lecture Notes - Lecture 2: Monopolistic Competition, Canadian Business, Macroeconomics
2 Mar 2016
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Document Summary
Chapter two how economic issues affect business. To understand the underlying situation and conditions in which canadian business operate, you must: Be aware of the impact of the global environment. Understand the toll of the federal and provincial governments in canada. Macroeconomics: the part of economics study that looks at the operation of a nation"s economic as a whole. Looks at how many jobs exist in the whole economy. Microeconomics: the part of the economic study that looks at the behaviour of people and organizations particular markets. Examines how many people will be hired in a particular industry or particular region of the country. Resource development: the study of how to increase resources and the creation of the conditions that will make better use of those resources (e. g. , recycling) Followers of malthus today (called net-malthusians) still believe that are too many people in the world and that the solution to poverty is radical birth control, including forced abortions and sterilization.
