Economic Is The Large Set Of Inter Related Production And Consumption Activities

Economic Is The Large Set Of Inter Related Production And Consumption Activities

Length: 1247 words (3.6 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Economic is a term that has different meaning depending on the different economist. According to Investopedia (2015), “economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated”.
In the Northern Ontario districts of Greater Sudbury, Sudbury, and Nipissing, housing, job opportunities, health care, mining and personal debt are economic concerns. These are some of the issues affecting them economically, socially and environmentally wise.
In the district of Greater Sudbury, Sudbury, and Nipissing the housing market is a concern due to the fact that some of its residents do not have a stable income and are not able to pay rent because they suffer from different health issues that restrict employment. According to Greater Sudbury Chamber of Commerce (2015), “Average housing prices are edging up slowly in Greater Sudbury, and are projected to reach an average price of $256,000 by 2016, up from $201,000 in 2009.” Although this is maybe seen as a good thing economically it affects the social aspects of things this causes issues like homelessness. Greater Sudbury Chamber of Commerce (2015) states that the housing sale in Sudbury declined over the years. Affordable housing is scarce in the Sudbury region according to The Sudbury Star (2015) the Sudbury region has a Social Housing Program that consisted of more than 4,000 units. The problem with this is that there is a wait list that has around 22,000 people on it, the majority of approximately 12,000 people on this list are waiting for one bedroom this makes the wait time for one bedroom to take as long as two years. Having a specific request such as location can make their wait longer. Gre...

... middle of paper ...

...ying the price”. This article in Sudbury star (2015) also states that “Canadians are working harder than ever, incomes are flat-lining and household debt is rising”. Which is true due to the fact that there are limited job opportunities and the unemployment rate are increasing. This shows how the economic concerns are related to one another and how to impact it has on the social part such as homelessness and poverty.
Overall, the housing, job opportunities, health care, mining and personal debt are economic concerns in the districts of Greater Sudbury, Sudbury, and the Nipissing has issues with the information listed above. It also shows all the economic concerns are linked to one another and creates a problem in both socially and environment wise. Although the government is implementing plans to reduce these economic concerns it seems like they have a long way to go.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on The Production of Large Vehicles in Australia

- Australia is best known for the production of large vehicles and is one of the most open automotive markets in the world. The industry plays a vital role in employment, exports, and innovation in the economy of Australia. It is a self-contained ‘full-service’ industry that operates the full range of activities from design to manufacture of vehicles even though the industry is small by global standards (Singh, Smith, & Sohal, 2004). The three major companies that dominate the industry in Australia are the Toyota Motor Corporation Australia, Ford Motor Company of Australia, and GM Holden....   [tags: domestic market, employment, exports]

Better Essays
2171 words (6.2 pages)

Shared Knowledge and Schemes Created by a Set of People Essay

- The term ‘culture’ holds a significant importance in every person’s life. It is an integral part of the identity of every individual. There is no single commonly accepted definition for ‘culture’ but one particular definition which stands out is "Culture is the shared knowledge and schemes created by a set of people for perceiving, interpreting, expressing, and responding to the social realities around them" (J.P. Lederach, 1995). Culture consists of the various social and moral values which are a part of any society....   [tags: culture, globalization, ikea]

Better Essays
935 words (2.7 pages)

The Production of Nuclear Energy Essay

- In this modern era, scientists and environmentalists are concerned with preserving the planet Earth by using different forms of energy resources. The interest of scientists and environmentalists motivate them to wonder about Nuclear energy as one of the most destructive energy resources of the world. For most, it is compulsory to stress that the attempts to understand the uses of nuclear energy are mainly based on assumptions. The genuine uses of nuclear energy, however, are still not applicable....   [tags: scientists, energy resources, environment]

Better Essays
1813 words (5.2 pages)

Production Policies in Hollywood and The Catholic Church Essay

- To what extent was the Catholic Church the leading establishment to alter production policies in Hollywood during the great depression A. Plan of Investigation The research question that will be evaluated is, to what extent was the Catholic Church the leading establishment to alter production policies in Hollywood during the great depression. While the Great Depression was a time of grief, it was additionally an era of new opportunities. The institution of Hollywood and the Catholic Church were two separate entities during the Great Depression....   [tags: great depression, hays code]

Better Essays
1462 words (4.2 pages)

The Effects Of Drug Related Criminal Activity On Society Essay

- Throughout the past twenty years, in the United States, drug related criminal activity has been a significant issue. Drug related criminal activity in this statement refers to drug usage rates, drug production, drug distribution, drug related homicide rates, and any criminal offense involving drugs in some form. Through the completion of this paper I will examine how each of the above issues has been evolving throughout history, while also looking at the effects of current, and past, drug related public policy....   [tags: Drug addiction, Prohibition, Crime]

Better Essays
1588 words (4.5 pages)

Essay on Elements of Lean Production

- Introduction "Lean" production theory was first used in Japanese factories. The Toyota production system is especially admired as a highly successful use of "lean" techniques. In general, lean production refers to manufacturing processes that improve upon mass production techniques to reduce cost, reduce time to produce, improve quality, and better respond to market demands. The benefits of lean production techniques have been documented in several studies, including a worldwide study of automotive industry....   [tags: MBA Applications]

Better Essays
1685 words (4.8 pages)

Essay about Beverage Related Products, From Arabica Coffees And Beverage Systems

- KGM sells many different beverage-related products, from Arabica coffees to beverage systems. They attribute most of their increased revenues to the popularity of their Keurig brewers. Their beverage systems are sold to consumers at cost or at a loss. However, most of their profits are made through the selling of accessories and Keurig beverage related products, such as the portion-packed coffee cartridges known as K-Cups, which can only be used in the Keurig brewing systems. With the increased popularity of the Keurig system, KGM has increased their investments into research and development (R&D) which consists of salary, consulting expenses....   [tags: Coffee, Coffea arabica, Carbonation, Cost]

Better Essays
952 words (2.7 pages)

Network of People in the Film Industry Essay

- ... In this phase, the producer continues to play a significant role by monitoring the budget available. As a result, the producer interacts with every senior personnel to facilitate the sustainable development of the project, which always limits options available for personnel of different phases in achieving their ideals, typical examples are the selection of casts and filming locations. Another dominant character is the director. Since parties of different talents may have contradictory aspirations, the coordination of the team and resolution of conflicts are of utmost importance....   [tags: phases for production cooperation ]

Better Essays
1112 words (3.2 pages)

The Pros and Cons of Lean Production Methods Being Utilised by an Aircraft Manufacturer

- The Benefits and the Possible Disadvantages of Lean Production Methods Being Utilised by an Aircraft Manufacturer Lean production is the term given to a range of measures traditionally used by Japanese businesses in an attempt to reduce waste and costs in production. It is aimed at the elimination of waste in every area of production. Its goal is to incorporate less human effort, less time to develop products, less space and to become highly responsive to customer demand while producing top quality products in the most efficient and economical manner possible....   [tags: Papers]

Better Essays
907 words (2.6 pages)

Gender Inequalities Essay

- Gender inequalities are a large problem in terms of measuring economic production. The United Nations sees gender equality as an important goal, as four of the eight Millennium Development Goals for lowering poverty levels are directly related to women. While men and women both deal with discrimination and exclusion from the labor market, women are forced to contend with more barriers to full participation. There are several sources for these inequalities, including gaps in education, lack of resource access, the inability to access the labor market and structural inequalities (United Nations Industrial Development Organization, 2012)....   [tags: production, household, women]

Better Essays
1372 words (3.9 pages)