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Poverty In Canada
Poverty in Canada refers to the state or condition in which a person or household lacks essential resourcesfinancial or otherwiseto maintain a modest standard of living in their community. Researchers and governments have used different metrics to measure poverty in Canada including Low-Income Cut-Off (LICO), Low Income Measure (LIM), and Market Basket Measure (MBM). In November 2018, Employment and Social Development Canada announced the establishment of Canada's first Official Poverty Line to be based on the MBM. The MBM considers the cost of a basket of basic goods and services needed by a family of two adults and two children to maintain a modest standard of living. There was an increase in poverty in Canada and many other industrial nations in the 1980s. By 2008, Canada's poverty rate was among the highest of Organisation for Economic Co-operation and Development (OECD) member nationsthe wealthiest countries in the world. The number of people living below the official pove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unemployed People, Mostly Immigrants, Lining Up Outside A Community Soup Kitchen In Quebec City 01
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is the proportion of people above a specified age (usually 15) not being in paid employment or self-employment but currently available for Work (human activity), work during the reference period. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed). Unemployment can have many sources, such as the following: * the status of the economy, which can be influenced by a recession * competition caused by globalization and international trade * new technology, technologies and inventions * Policy, policies of the government * regulation and market (economics), market * war, civil disorder, and natural disasters Unemployment and the status of the economy can be influenced by a country through, for example, fiscal policy. Furthermore, the monetar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
