Social 9 Final Review Part B: Economics and Quality of Life

labour union

an organization of workers that acts to protect workers' rights and interests

collective bargaining

Process by which a union representing a group of workers negotiates with management for a contract

Species At Risk Act

A law created to are to protect wildlife in Canada from disappearing, to provide for the recovery of wildlife species that are extirpated (no longer exist in the wild in Canada), endangered, or threatened as a result of human activity.

Lever

In the context of society, a means of accomplishing something; a way to apply pressure.

Kyoto Protocol

The first climate change plan. Canada changes position often depending what political party is in power. The U.S. did not agree to this negotiations.

GDP (Gross Domestic Product) Per Capita

A measure of how well-off the people of a country are.

Greenhouse Gas (GHG)

Gases in Earth's atmosphere that trap the heat that forms when radiant energy from the sun reaches Earth's surface; water vapour, carbon dioxide, methane, and nitrogen oxide are all greenhouse gases.

Regions And Emissions

The different provinces get different levels of CO2/GHG*

Regions And Impacts

Different regions are impacted differently by temperature and other impacts.*

Climate Change

A rise in the average temperature of Earth, primarily caused by emissions from burning fossil fuels, such as coal, oil and natural gas.

Biodiversity

The number and variety of plant and animal species on Earth, including genetic variation within individual species.

Underground Economy

Economic activity based on buying and selling products and services illegally.

Taxation Model

Government policies about taxation, such as what to tax (e.g., income, purchases), how to spend taxes.

Tax Evasion

Misrepresenting what you earn to avoid paying taxes.

Tax Base

All the economic activity in a society, which government taxes to pay for services.

Black Market

Another term for underground economy.

Sales Tax

Tax paid at the time of buying a product or service and based on a percentage of the price of the product or service.

Median

A concept in statistics that means the middle number in a set of data organized in order of least to most.

Income Tax

Tax based on a percentage of a person's income.

Goods And Services Tax (GST)

A federal sales tax in Canada.

Public Health Care

Health care paid by taxes.

Profit

Money made from a product or services above and beyond the cost of providing the product or service.

Private Health Care

Health care paid for by individuals.

Health Insurance

An agreement by a company to pay for your health services, in exchange for a fee that you buy each month or each year.

Social Programs

Services provided by government to reduce economic inequalities and provides the well being of citizens.

Boycott

A decision by consumers to stop buying a product or service as a way to bring about change

Factors that guide consumer behaviour

-Identity
-Health and Safety
-Jobs
-Environment
-Marketing

Consumerism

an economic theory that links to prosperity to consumer demand for goods and services

Unemployment Rate

The percentage of the workforce that does not have jobs.

Supply

The products and services created by producers.

Strike

A cessation of work by workers. Strikes pressure employers to respond the issues that concern workers.

Shift Right

A shift on the economic continuum towards less government involvement in the economy. A shift right is usually described as taking a more conservative position.

Shift Left

A shift on the economic continuum towards government involvement in the economy. A shift left is usually described as taking a more liberal position.

Scarcity

In economics, the idea that land (materials), labour and capital (money) limit the supply of what people want and need.

Publicly Owned

In economics, the part of the economy owned and controlled by government and paid by taxes.

Public Good

What's best for society as a whole.

Producers

Those who create products and services.

Privately Owned

In economics, the part of the economy owned and controlled by businesses and individuals.

Economy

The resources and processes involved in the production, distribution and consumption of goods and services.

Economics

The study of production, distribution and consumption of goods and services.

Economic System

How a society organizes production, distribution and consumption of goods and services.

Demand

The wants and needs of consumer for products and services.

Consumers

Those who use products and services.

Competition

In economics, rivalry among producers to sell products to consumers.

Labour Force

All members of the population who are able to work.

Publicly Funded

Paid for by taxes and provided by the government.

Governance

The process of governing.

Government

The body with the power to make decisions for a soci