MGM101H5 Chapter Notes - Chapter 5: Foreign Direct Investment, Gross Domestic Product, Capital Asset
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MGM101H5 Full Course Notes
Verified Note
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Document Summary
Chapter 5 mgm - the canadian economic environment. It includes the core principles of economic freedom with some degree of centralized economic planning and government regulation and involvement. : an economic system that contains components of both open and controlled: canada is a mixed economic system. This happens when the economy experiences two or more quarters of negative gdp movement. Inflation is a rise in the level of prices of goods and services within an economy over a period of time. Geographic clustering occurs when regional economies develop into what are considered distinct from one another and separated by significant geographic space where interdependency in minimized this occurs frequently at the local level. The danger occurs when it happens at a broader macro level, resulting in the inability of gov"ts to effectively implement national-based economic management actions to effectively control economic expansion or contraction through monetary policy or inflation control mechanisms.
