Economics, Consumerism, and Quality of Life ch. 6, 7, 8, 9 Flashcards
boycott
boycottage (m)
act of non-violent protest usually for moral, social, political or environmental reasons; a decision by consumers to stop buying a product or service as a way to bring about change
décision des consommateurs qui cessent d’acheter un produit ou un service afin the provoquer un changement
capital
capital (m)
plant or equipment used in production, or something that contributes to the productivity of labour, comparative advantage or productive trade
Patrimoine possédé par un individu, une famille ou une entreprise et pouvant rapporter un revenu
central planning
planification (f) centrale ou centralisée
decisions are made by a central authority rather than by market participants
les décisions sont faites par une autorité centrale, et non par les personnes qui achêtent les produits ou services
collective bargaining
négociation (f) collective
a voluntary process used to determine terms and conditions of work and regulate relations between employers, workers and their organisations, leading to the conclusion of a collective agreement; negotiating as a group and is the key right established by unions for workers
ensemble des discussions entre employeurs ou organisations professionnelles d’une part, et représentants des salariés d’autre part, en vue de conclure une convention collective ou un accord collectif; négotiation faite par un groupe qui représente les travailleurs. La négotiation collective est le principal droit qu’ont obtenu les syndicats au nom des travailleurs
collectivism
collectivisme (m)
a system in which the distribution of goods and services is controlled by the government or the state, or by groups of individuals.
Système économique fondé sur la propriété collective des moyens de production à l’échelle locale, régionale, nationale ou mondiale.
common good / public good
bien (m) public
(also commonwealth, general welfare, or public benefit) is what is shared and beneficial for all or most members of a given community; what’s best for society as a whole
ce qui est le mieux pour une société dans son ensemble
competition
concurrence (f)
an activity involving two or more firms, in which each firm tries to get people to buy its own goods in preference to the other; in economics, rivalry among producers to sell products to consumers
en économie, rivalité entre des producteurs qui offrent des produits aux consommateurs
constitutional economics
économie constitutionelle
a branch of economics focusing on the economic analysis of the constitutional law of a state. Focuses specifically on the ways the constitutional rules and economic policies of a state benefit and restrict the economic rights of its citizens.
L’économie reliée à la constitution d’un État
consumers
consommateur (f, m)
those who use or buy a product or service
individu qui achète ou utilise un produit ou un service pour combler un besoin
consumerism
consumérisme (m)
Aquisition of products and services that are not necessary for survival but may achieve other goals such as elevating social status; an economic theory that links prosperity to consumer demand for goods and services, and that makes consumer behaviour central to economic decision making
théorie économique qui associe la prospérité à la demande des consommateurs pour des biens et des services, et qui place le comportement des consommateurs au centre des prises de décisions économiques
cooperation
coopération (f)
- working together, or a group that voluntarily meets over a common goal
- refers to a type of economics that looks at social and political factors
- Action de coopérer, de participer à une œuvre commune ; collaboration, concours
- Politique d’entente et d’échanges entre deux États.
corporation
société (association)
an independent legal entity that exists separate and apart from its owners (shareholders).
Contrat par lequel deux ou plusieurs personnes mettent en commun soit des biens, soit leur activité en vue de réaliser des bénéfices qui seront ensuite partagés entre elles ou pour profiter d’une économie
crown corporation
wholly owned federal or provincial organizations that are structured like private or independent companies
ecological
- concerned with the relations between living beings
economic continuum / economic spectrum
The economics spectrum implies a trade-off between maximizing resource acquisition and productivity or maximizing resource conservation
economic development
programs, policies or activities that seek to improve the economic well-being and quality of life for a community
economic freedom
property one acquires without the use of force, fraud, or theft is protected from physical invasions by others
economic growth
an increase in the production of economic goods and services in one period of time compared with a previous period
economic system
système (m) économique
a system of production, resource allocation and distribution of goods and services within a society; how a society organizes the production, distribution and consumption of goods and services
façon dont une société organise la production, la distribution et la consommation des biens et des services
economics / economy
économie (f)
the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society; the study of the production, distribution and consumption of goods and services / the resources and processes involved in the production, distribution and consumption of goods and services
ensemble des faits relatifs à la production, à la distribution et à la consommation des biens et services dans une société
employment
the condition of having paid work
entrepreneur
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
environmental protection
the practice of protecting the environment (creating parks, creating legislation that protects certain species etc.)
equality
being equal (not necessarily equitable though)
equilibrium
occurs when supply and demand are in balance
executives
business professional who usually has decision-making and administrative management authority
financial security
you have safety nets in place to recover from financial setbacks, you’re on track to reach your savings goals
foreign investment
involves capital flows from one country to another, granting the foreign investors extensive ownership stakes in domestic companies
free trade
a pact between two or more nations to reduce barriers to imports and exports among them
goods and services tax
taxe (f) sur les produits et services
GST: a sales tax on supplies of most goods and services in Canada, as well as many supplies of real property and intangible personal property; a federal sales tax in Canada
TPS: taxe de vente fédérale au Canada
government grants
a financial award given by the federal, state, or local government to fund some type of beneficial project (also given to students when their student loans are too high)
government ownership
government or state have possession of shares, property, and assets of the organizations
gross domestic product per capita
production/produit intérieure brute par habitant
GDP: the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period; a measure of how well-off the people of a country are
PIB (m): mesure du bien-être matériel de la population d’un pays
health care
is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people
income
money received, especially on a regular basis, for work or through investments
income assistance
Also known as income support:
Supports for individuals and families to pay for basic expenses like food, clothing and shelter.
income distribution
statistical measure of how people earn or receive various amounts of income
income gap
how unevenly income is distributed throughout a population
income tax
impôt (m) sur le revenu
the portion of your annual earnings that’s paid to the government; tax based on a percentage of a person’s income
impôt direct payé par toute personne out entreprise en fonction de son revenu
individualism
a social theory favoring freedom of action for individuals over collective or state control
industrial expansion
the process of becoming greater in size, number, or amount through industry
industrial revolution
inequality of wealth
how unevenly income is distributed throughout a population
investors
any person or other entity (such as a firm or mutual fund) who commits capital (money or buildings or equipment for example) with the expectation of receiving financial returns.
labour economics
the study of the labor force as an element in the process of production
labour dispute
a disagreement between an employer and employees regarding the terms of employment
land
a factor of production, similar to labor, as one of the crucial elements in creating goods and services.
left wing or shift left
glissement (m) vers la gauche
the section of a political party or system that advocates for greater social and economic equality, and typically favors socially liberal ideas; the liberal or progressive group or section; more government involvement in the economy
glissement, sur le continuum de l’économie, vers un engagement gouvernemental plus prononcé dans l’économie. Un glissement vers la gauche est habituellement associé à une position plus libérale
lobby
when a group of people seeks to influence politicians or public officials on a particular issue
market economy
an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
marketing / advertising
the activity or business of promoting and selling products or services, including market research and advertising.
means of production
land, labor, and capital that can be used to produce products
mixed economy
an economic system combining private and public enterprise.
necessities
something necessary or indispensable: food, shelter, and other necessities of life.
pension / pension plans
an employee benefit that commits the employer to make regular contributions to a pool of money set aside to fund payments made to eligible people after they retire
privately owned
privé
the fact of being owned by a private individual or organization, rather than by the state; in economics, the part of the economy owned and controlled by businesses and individuals
en économie, se dit de ce qui appartient et est dirigé par des individus et des entreprises
privatization
the transfer of a business, industry, or service from public to private ownership and control.
producer
producteur (m)
someone who creates goods or supplies services
individu ou entreprise qui fabrique des produits ou offre des services
profit
profit (m)
a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something; money made from a product or service above and beyond the cost of providing the product or service
somme d’argent qui provient de la fourniture d’un produit ou d’un service et qui est supérieure à leur coût de production
profit motive
the desire for financial gain as an incentive in economic activity
progressive income tax
involves a tax rate that increases (or progresses) as taxable income increases
public education
an equal education provided to all children free of cost
public health care
système (m) de santé public
promotes and protects the health of all people and their communities free of cost; health care paid for by taxes
ensemble des institutions, services et soins de santé financés par les impôts et les taxes des contribuables