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Price Cap
A price ceiling is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service. Governments use price ceilings ostensibly to protect consumers from conditions that could make commodities prohibitively expensive. Such conditions can occur during periods of high inflation, in the event of an investment bubble, or in the event of monopoly ownership of a product, all of which can cause problems if imposed for a long period without controlled rationing, leading to shortages. Further problems can occur if a government sets unrealistic price ceilings, causing business failures, stock crashes, or even economic crises. In unregulated market economy, market economies, price ceilings do not exist. While price ceilings are often imposed by governments, there are also price ceilings that are implemented by non-governmental organizations such as companies, such as the practice of resale price maintenance. With resale price ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victorian Football League (1897–1989)
The Australian Football League (AFL) is the only fully professional competition of Australian rules football. Through the AFL Commission, the AFL also serves as the sport's governing body and is responsible for controlling the laws of the game. Originally known as the Victorian Football League (VFL), it was founded in 1896 as a breakaway competition from the Victorian Football Association (VFA), with its inaugural season commencing the following year. The VFL, aiming to become a national competition, began expanding beyond Victoria to other Australian states in the 1980s, and changed its name to the AFL in 1990. The league currently consists of 18 teams spread over five of Australia's six states (Tasmania being the exception). Matches have been played in all states, plus the Australian Capital Territory and the Northern Territory, as well as in New Zealand and China to expand the league's audience. The AFL season currently consists of a 23-round regular (or "home-and-away") se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collingwood Football Club
The Collingwood Football Club, nicknamed the Magpies or colloquially the Pies, is a professional Australian rules football club based in Melbourne that competes in the Australian Football League (AFL), the sport's elite competition. The club was formed in 1892 in the suburb of Collingwood and played in the Victorian Football Association (VFA) before joining seven other teams in 1896 to found the breakaway Victorian Football League, today known as the AFL. Originally based at Victoria Park, Collingwood now plays home games at the Melbourne Cricket Ground and has its training and administrative headquarters at Olympic Park Oval and the AIA Centre. Collingwood has played in a record 44 VFL/AFL Grand Finals (including rematches), winning 15, drawing two and losing 27 (also a record). Regarded as one of Australia's most popular sports clubs, Collingwood has attracted the second-highest attendance figures and television ratings of any professional football team in the nation. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victorian Football Association
The Victorian Football League (VFL) is an Australian rules football league in Australia serving as one of the second-tier regional semi-professional competitions which sit underneath the fully professional Australian Football League (AFL). It includes teams from clubs based in the eastern states of Australia: Victoria, New South Wales and Queensland, and includes reserves teams for the east coast AFL clubs. The league evolved from the former Victorian Football Association (VFA), and it has been known by its current name since 1996. For historical purposes, the present-day VFL is referred to as the VFA/VFL, to distinguish it from the present-day Australian Football League, which in turn was known until 1990 as the Victorian Football League and is thus referred to as the VFL/AFL. The VFA was formed in 1877 and is the second-oldest Australian rules football league, replacing the loose affiliation of clubs that had been the hallmark of the early years of the game. Initially s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ron Todd (footballer)
Ronald Walford Todd (23 October 1916 – 8 February 1991) was an Australian rules footballer who played for the Collingwood Football Club in the Victorian Football League (VFL) and the Williamstown Football Club in the Victorian Football Association (VFA). Renowned for his high marking and goalkicking ability, Todd was considered as the logical successor to the legendary Gordon Coventry, but his controversial move to Williamstown, along with teammate and friend Des Fothergill, caused much bitterness at Collingwood for many years afterward. He holds the record for the most goals kicked in a VFA season (188), and his 23 goals in the 1939 VFL finals series stood as a record until it was broken by Gary Ablett Sr. in 1989. VFL career Todd debuted for Collingwood in 1935 and joined Gordon Coventry in the forward line. For his first three seasons Todd played at centre half forward but moved into the goalsquare when Coventry retired at the end of 1937. He had an immediate impact, kic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Melbourne Football Club
The Melbourne Football Club, nicknamed the Demons, is a professional Australian rules football club that competes in the Australian Football League (AFL), the sport's elite competition. It is based in Melbourne, Victoria (Australia), Victoria, and plays its home games at the Melbourne Cricket Ground (MCG). Melbourne is the world's oldest football clubs, oldest professional club of any football code. Its origins can be traced to an 1858 letter in which Tom Wills, captain of the Victoria cricket team, calls for the formation of a "foot-ball club" with its own "code of laws". An informal Melbourne team played that winter and officially formed in May 1859, when Wills and three other members codified "Laws of Australian rules football#Melbourne Rules of 1859, The Rules of the Melbourne Football Club"—the basis of Australian rules football. The club was a dominant force in the early years of the game and a foundation member of the Victorian Football Association (VFA) in 1877 and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amateur Sports
Amateur sports are sports in which participants engage largely or entirely without remuneration Remuneration is the pay or other financial compensation provided in exchange for an employee's ''services performed'' (not to be confused with giving (away), or donating, or the act of providing to). A number of complementary benefits in addition .... The distinction is made between amateur sporting participants and professional sports, professional sporting participants, who are paid for the time they spend competing and training. In the majority of sports which feature professional players, the professionals will participate at a higher standard of play than amateur competitors, as they can train full-time without the stress of having another job. The majority of worldwide sporting participants are amateurs. Sporting amateurism was a zealously guarded ideal in the 19th century, especially among the upper classes, but faced steady erosion throughout the 20th century with the continu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richmond Football Club
The Richmond Football Club, nicknamed the Tigers, is an Australian rules football team playing in the Australian Football League (AFL). Between its inception in the Melbourne suburb of Richmond in 1885 and 1907, the club competed in the Victorian Football Association (VFA), winning two premierships. Richmond joined the Victorian Football League (now known as the AFL) in 1908 and has since won 13 premierships, most recently in 2020. Richmond's headquarters and training facilities are located at its original home ground, the Punt Road Oval, which sits adjacent to the Melbourne Cricket Ground (MCG), the club's playing home since 1965. Richmond traditionally wears a black guernsey with a yellow sash. The club song, " We're From Tigerland", is well known for its "yellow and black" refrain. The club is coached by Damien Hardwick and its current co-captains are Dylan Grimes and Toby Nankervis. Five Richmond players have been inducted into the Australian Football Hall of Fame as " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Award Wage
An industrial award, sometimes known simply as an award, is a ruling in Australia handed down by either the national Fair Work Commission (or its predecessor) or by a state industrial relations commission which grants all wage earners in one industry or occupation the same minimum pay rates and conditions of employment such as leave entitlements, overtime and shift work, as well as other workplace-related conditions. The national awards, with the National Employment Standards, provide a minimum safety net of terms and conditions of employment for all national system employees. The pay rates are often called award wages or award rates. Federal awards in Australia have been stripped back in recent years in what they are allowed to contain, in order to promote the Enterprise Bargaining Agreement system. Awards in Australia are part of the system of compulsory arbitration in industrial relations. A similar system was also used in New Zealand prior to the ''Labour Relations Act 1987' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Dollar
The Australian dollar (sign: $; code: AUD) is the currency of Australia, including its external territories: Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. It is officially used as currency by three independent Pacific Island states: Kiribati, Nauru, and Tuvalu. It is legal tender in Australia.''Reserve Bank Act 1959'', s.36(1) an ''Currency Act 1965'', s.16 Within Australia, it is almost always abbreviated with the ($), with A$ or AU$ sometimes used to distinguish it from other |
Australian Pound
The pound ( Sign: £, £A for distinction) was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. As with other £sd currencies, it was subdivided into 20 shillings (denoted by the symbol s or /–), each of 12 pence (denoted by the symbol d). History The establishment of a separate Australian currency was contemplated by section 51(xii) of the Constitution of Australia, which gave Federal Parliament the right to legislate with respect to "currency, coinage, and legal tender". Establishment Coinage The Deakin Government's ''Coinage Act 1909'' distinguished between "British coin" and "Australian coin", giving both status as legal tender of equal value. The Act gave the Treasurer the power to issue silver, bronze and nickel coins, with the dimensions, size, denominations, weight and fineness to be determined by proclamation of the Governor-General. The first coins were issued in 1910, produced by the Royal Mint in Lond ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression In Australia
Australia suffered badly during the period of the Great Depression of the 1930s. The Depression began with the Wall Street Crash of 1929 and rapidly spread worldwide. As in other nations, Australia suffered years of high unemployment, poverty, low profits, deflation, plunging incomes, and lost opportunities for economic growth and personal advancement. The Australian economy and foreign policy largely rested upon its place as a primary producer within the British Empire, and Australia's important export industries, particularly primary products such as wool and wheat, suffered significantly from the collapse in international demand. Unemployment reached a record high of around 30% in 1932, and gross domestic product declined by 10% between 1929 and 1931. There were also incidents of civil unrest, particularly in Australia's largest city, Sydney. Though Australian Communist and far right movements were active in the Depression, they remained largely on the periphery of Austra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
