Aside from Increases in Labour and Capital Inputs, What Accounts

question 32

Essay

Aside from increases in labour and capital inputs, what accounts for economic growth in Canada?

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Definitions:

Fair Labor Standards Act

A U.S. law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in Federal, State, and local governments.

Bona Fide Occupational Qualification

A bona fide occupational qualification is a work requirement that is reasonably necessary to the normal operation of a particular business or job and is used as a defense against discrimination claims.

Discrimination

The unfair or biased treatment of various groups of people or objects, particularly based on race, age, or gender.

Punitive Damages

Monetary compensation awarded to an injured party that exceeds simple compensation and is intended to punish the wrongdoer.