What Are the Three Methods of Calculating GDP Used by the Australian

question 185

Essay

What are the three methods of calculating GDP used by the Australian Bureau of Statistics,and define each method.

Understand the concepts of social mobility and socioeconomic status.

Analyze the impact of social inequalities on various societal aspects, including economic resources, occupational prestige, and education.

Explore the critique of social stratification theories and the concept of meritocracy.

Examine the role of social policies and attitudes in perpetuating or challenging social inequalities.

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Definitions:

Social Partnership

A form of cooperation between the government, businesses, and trade unions to formulate and implement policies collectively, often focusing on economic and social issues.

Works Council

A body representing employees that exists in some countries, tasked with negotiating working conditions and rights with management.

Labor Law

The collection of legislations, rulings from administrations, and past decisions focusing on the rights and limitations of employees and their unions.

Social Partnership

A collaborative approach between employers, unions, and sometimes governments, aimed at achieving consensus on labor issues and policies.