MGMT 1P93 Lecture 10: Chapter 3 - Economics
16 Jan 2019
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Document Summary
Weather can have a impact on country"s economy. Oil and canadian dollar will have a big impact on the canadian economy. Canadian dollar (sh. 76) hovering in late 2016. Oil dropped from (summer 2014) to (early 2016) Oil expected to rise slowly going forward. Opec keeps low prices to force high cost products to reconsider investing in new extraction technologies. Economy: financial and social system of how resources flow through society, from producing to consumption. Economics: study of choices the people, companies, government make in allocating those resources in the economy. Macroeconomics: study of country"s overall economic issues (employment rate, gdp, tax policies) Microeconomics: focuses on smaller economics units such as individual consumers, businesses and families. Some regions such as alberta might experience it in 2016. Canada not currently in danger of a recession. World economy has slowdown and growth is weak for some time. Conference board of canada predicts global economy will grow by 2. 8% in 2016.
