Unemployment
Unemployment is one of the major economics problems. People who are considered unemployed are those who are seeking work or laid off for more then a week. There are many different reasons why a person could be unemployed. Three of those causes are cyclical, structural and seasonal unemployment. The government tries to find solutions in order to reduce unemployment by making up policies.Cyclical unemployment is one of the causes that creates unemployment. When a person is cyclically unemployed, it means that the income is limited to the economic state and there are more jobs when economy is well however when it's not the number of jobs available decrease. Also when people have less spending money it creates many cutbacks and loss of jobs. Therefore, this form of unemployment is usually temporary. When there is an economic growth, cyclical unemployment reduces. Structural unemployment is another cause that creates unemployment. As time goes on, consumer's demand changes, which causes a growth in one industry, a decrease in another or it may lead to a complete shut down of a industry. And even though
Lowering value of canadian dollar and interest rates will benefit the deficit. Both policies create more jobs and now government has to pay less social assistance such as welfare. Less social assistance payments will allow to the government to save more money and deficit will decrease. Also borrowing money from the government will decrease the deficit. Smaller businesses will also benefit from those policies. Lowering the value of canadian dollar will increase the demand for canadian product. Therefore, companies will have to expand in order to produce the needed demand. The production of smaller businesses will cause an increase in sales. As it had been stated above low interest rates will benefit smaller businesses because borrowing money is cheap. More business will expand and open due to low interest rates. And this will increase public spendings. More public spending will cause inflation in the long term, which will cause a decrease in sales. Therefore, lowering interest rates only benefits smaller businesses in the short term. In order to reduce cyclical and structural unemployment, the gov
Some common words found in the essay are:
Atlantic Canada, , canadian dollar, value canadian dollar, value canadian, short term, lowering value canadian, lowering value, seasonal unemployment, structural unemployment, cyclical unemployment, reduce unemployment, low rates, cyclical structural, structural seasonal unemployment, cyclical structural seasonal, rates reduce unemployment,
Approximate Word count = 745
Approximate Pages = 3 (250 words per page double spaced)
|
