MGM101H5 Chapter Notes - Chapter 6: Purchasing Power Parity, Interest Rate, Fidgeting
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MGM101H5 Full Course Notes
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Document Summary
Canada possesses one of the most fully developed and diversified economic systems in the world. Products driving canada"s current economic and trade performance. These two factors determine whether an economy or nation will prosper or struggle: It is important for any economic system to be able to promote current and future economic activity. A system needs to to provide a stable environment for economic growth and to ensure that the proper business and economic systems are in place to support econ. Roads, ports, utility systems, educated workforce, etc. Refers to the ability of a country to produce or supply goods or services at a lower cost than other countries or to possess resources or unique services that are unavailable elsewhere. Occurs when a company or individual from one country makes an investment into a business within another country. For an economic system to develop and grow, a relationship must be established between these three market composition principles:
