With the creation of Nunavut, the face of Canada has undergone an immense change from which Canada has not experienced since the introduction of Newfoundland nearly 50 years ago. In fact, this appears to be the first time since the year 1867, which resulted in a region of Canada to be brought the opportunity to establish its own government, resulting in the establishment of a government managed according to its own needs. In this form of self-government the Inuit people have the beginnings of the fulfi

With the first handful of years being for the most part the most critical period in a territory or provinces lifetime, the decisions and assessments made in these early years are imperative to the territory's success. In order to construct a sturdy economic foundation which on its own is a key factor in the prevailing of a territory, involves a variety of elements including the exploitation of the natural resources, the ability to expand in the matters of business, the capability of financing an entire territory, as well as numerous other factors. The first and one of the most significant aspects involves the creation and the ability to sustain the utilization and management of the available natural resources in order to bring about a permanent boost in the economy provided by the $1.15 billion land claim settlement, which will in turn provide small businesses, and scholarship programs the funding they need to survive. As well as the copper, zinc, lead, gold, silver, and petroleum mines which are each thriving within Nunavut and merely an arms reach away, the potential for the success of Nunavut has increased greatly. In doing so, this boost will provide an increase in the job market, as well as a surge in the revenue and overall income of the territory's population which in turn is determined by the Inuit government which allows the decisions to be sought in the best interests of the North rather than by the South whose affairs were often founded in their own interests rather than the Inuit. However, due to the fact that any type of movement such as thing is expensive, and the possibility of going over budget becomes a real and present threat, which in turn may lead to a variety of damaging consequences. An additional component involves the reinforcing of the present business industry, and although it has the potential to be anything with the exception of painless in order to stabilize Nunavut's distressing economy, efforts must and will be made. Such labours require the incorporation of the training and development of the work force, such that employment is available within the various trades and professions in order to work to even partial self-sufficiency among the population itself, as the high cost of living is often crippling to many individuals as well as their families. Nevertheless, Nunavut as a whole possesses a feeble economy, as it unable to generate sufficient jobs or sufficient tax revenue. Consequently, Nunavut is plagued with high unemployment rates and in terms of the financial situation, they are forced to depend a great deal on the financial support of the federal go

Some common words found in the essay are:
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Approximate Word count = 1757
Approximate Pages = 7 (250 words per page double spaced)