Wednesday, May 6, 2020
Employment Relations Canada Labor Code
Question: Discuss about the Employment Relationsfor Canada Labor Code. Answer: Introduction The Canada Labor Code is the statue, which is responsible for the purpose of governing disputes in the provincial private sector. The disputes in Canada between the unions and the management are solved through the process of collective bargaining relationship, interest arbitration provincial or federal law (Burger, 2014). There are various factors, which affect the barging powers of the unions and the management. For the unions the factors, which affect the barging powers, are Unions barging powers are high when The new employers have significant barriers to enter in the industry The concentration of industries is high( oligopolies) Low foreign competition Dominant unions and high union coverage in industries exist. KSA worker portability between industries Control over external supply of labor. All factors, which diminish managements powers, enhance the unions power. Factors effecting management barging power are Ability to withstand a strike Timings, for example avoiding disputes during peak seasons and scheduling negotiations prior to holidays Nature of goods if the goods are of a perishable nature they decrease management power and if the goods are of non-perishable nature, they increase labor power. The finished goods inventory increases the managements powers. The availability of technology reducing the need of labor increases managements barging power The availability of workers as strike replacement also increases managements powers. Advantages of employee seniority to Employees: the senior employees are entitled to rewards and appreciation because of their experience and knowledge with respect to the industries business. The other employees also gain experience from the senior employees (Carrell Heavrin, 2013) Management: the senior employees have better knowledge about the business of the industries as compared to the management as they have immense knowledge and experience Disadvantage of employee seniority Employee: the other employees always have to be behind the senior employees even if they are more talented and hardworking and results in a slow career growth for them. Management: Senior labors are slow workers and have strong influence of the junior works who look up to them as role models. They have more barging power with respect to their seniority. Difference between interest and rights arbitration Rights: this kind of arbitration involves application and interpretation of collective agreements during the ongoing of such agreement. Interest: this kind of arbitration involves the process of establishing a new agreement collectively with respect to both the parties. This collective agreement in this case is established without the rights to go on strike and lock-outs. This is mostly common in the nursing home and hospital workers (Brown et al., 2014). The management have to right to include the provisions in the collective agreement with respect to discipline, performance appraisal work scheduling and level of staffing. With respect to discipline, the management has the rights to include the provisions for Reporting time for work Provisions related to theft and fraud Provisions related to behavior with fellow workers and management Provisions related to discrimination and work place bullying Discipline in workplace is the tool by which, the management keeps a surveillance of the workers conduct with respect to the workplace. Discipline involves the procedure of rectifying and the misconducts of the workers and employees through corrective measures. The main purpose of discipline in workplace is to correct the behavior of the workers in context and not to embarrass or punish tem unnecessarily. A problem within a workplace can often be solved through a positive approach rather than the application of punishment. However, if the unethical or unacceptable behavior of a worker is a regular problem , punishment has to be used in order to correct thet worker and set a positive example for the other workers in the workplace (Schz, 2014). In a work place discipline should be conducted through issuing warning letters , suspension letters and ultimately if there is no positive result or the misconduct is gross in nature then through a letter of termination (Hillier, 2016). The process of discipline is needed in workplace because it helps the management to ensure that the workers are working according to the rules of the company. It also provides scope for the management to ensure a positive working environment for the proper growth and development of the company (Bjrn, Fehr Schmid, 2012). From the given case scenario, we shall deduce the Unions argument on behalf of the grievor, the employers argument and the decision of the arbitrator; From the given facts it can be deduced that the grievor was suspended from his service for three dys without pay on the ground that he ate lasagna from the hospitals freezer. The allegation was based on the company policy which defines taking of beverages and food for own consumption as theft. Unions Argument Under the given circumstances the Unions arguments in favor of the grievor would be as follows; The above conduct falls under the definition of unfair labour conduct under Section 186 of the Labour Relations Act, 1995. Section 186(b) defines Unfair labour practice as unfairly suspending an employee or taking any unfair disciplinary action against an employee which falls short of dismissal. In this case the employee was suspended without pay for not committing the offence of stealing (Deakin Morris, 2012). Under the given circumstances the arguments which the employer can put forward is as follows; The grievor has acted contrary to the company policy of not taking food for personal consumption. Evidence to support the fact has also been provided. The Dietary technician has testified that the grievor has accepted the fact of stealing lasagna to her. Hence, the suspension without pay is justified. Decision of the Arbitrator Under the given circumstances and the testament of the Dietary Technician it is evident that the grievor had stolen food from the refrigerator against the company policy. It is not illegal to suspend an employee as a form of enforcing discipline. However, suspension without pay is not justified in this case as the employee was suspended with immediate effect pending investigation. The issue was not grave enough to suspend the employee without pay with immediate effect. Suspension with pay until investigation would have been justified as the employee has contravened provision of company policy and the same has been backed with sufficient evidence. References Bjrn, B., Fehr, E., Schmid, K. M. (2012). Use and Abuse of Authority: A Behavioral Foundation of the Employment Relation.CEPR Discussion Papers,9231. Brown, W. I. L. L. I. A. M. (2014). Third-party processes in employment disputes.The Oxford Handbook of Conflict Management in Organizations, 135-149. Burger, W. E. (2014). Using arbitration to achieve justice.ADR, Arbitration, and Mediation, 352. Carrell, M. R., Heavrin, C. (2013). Labor relations and collective bargaining. Deakin, S. F., Morris, G. S. (2012).Labour law. Hart publishing. Freeland, R. F. (2016). The employment relation and Coases theory of the firm.Chapters, 148-159. Hillier, V. (2016). Workplace violence: moving toward restorative practices as an alternative to traditional progressive discipline at Canada Post Calgary. Schz, G. (2014). Making Out All Right in a Triangular Employment Relation: The Case of Outsourced Receptionists.Revue franaise de sociologie (English Edition),55(1), 61-85.
Tuesday, April 28, 2020
I am going to examine the different types of love Essay Example
I am going to examine the different types of love Essay In this essay I am going to examine the different types of love and analyse the language that Shakespeare uses to describe them.Shakespeare shows Courtly Love through Romeos love for Rosaline (act 1 scene 1 lines 167-172, 208-215) and Paris love for Juliet (act 5 scene 3 lines 12-17).Courtly Love was a European tradition dating from the Middle Ages. It was a set of rules and expectations about the way lovers from the aristocratic classes should behave.The man should fall in love with a lady of a higher social class.She would probably be married, and therefore unobtainable.He can neither eat nor sleep thinking of his lady.These are a few rules of courtly love.Romeos love for Rosaline was strong, even though that Romeo had never seen Rosaline. The audience find out later that Romeo is in love with the idea of being in love, I know this because:This love feel I, that feel no love in this meaning he was in love with the conventions of love rather than actual love. The courtly love is wri tten like a poem to make the reader realise this is not real love, I know this has when Romeo speaks the words are written as a poem. Shakespeare uses personification in act 1 scene 1 line 169 where love is in capital and it is referred to as Cupid and not as a feeling.Alas that Love, whose view is still muffledOxymoron (a combination of contrasting words), loving hate, heavy lightness these are here to once again show the falseness of Romeos love for Rosaline. Rosaline is also a Capulet and Romeo is treading dangerously.Theres much to do with hate, but more with love meaning some to hating the Capulets but more to do with loving Rosaline. Romeos speech is hyperbolic (exaggerated) to show Romeos view of his love for Rosaline.Negotiations between Paris and Juliets arranged marriage did not surprise the audience, as this was the age when girls got married. The negotiations did not go well, as Juliet refused and Lord Capulet said that if she didnt get married she would be banished.Pari s love for Juliet is also strong and wants Juliet because he thinks she is dead (act 5 scene 3 lines 12-17).Or, wanting that, with tears distilled by moans meaning if he doesnt get Juliet he will cry and moan. This seems that he had very strong feelings for Juliet.Shakespeare shows Family Love between the Capulets household in act 3 scene 5 lines 137-203.Lord Capulet is very angry towards Juliet for not agreeing to marry Paris. There are words of conflict,My fingers itch showing he wants to hit Juliet.Hang thee, young baggage! Disobedient wretch! Showing feelings of violence.The Capulets wanted Juliet to get married to Paris as this was the age of getting married and that Paris was a good catch as he was wealthy and a high status. Husbands were chosen by wealth, riches rather than love. Women had no say in his. Earlier in the play Lord Capulet shows love to his daughter Juliet (act 1 scene 2 lines 25).Earth-treading stars that make dark heaven light meaning ladies (Juliet) bright as stars, yet walking on earth. Lord Capulet then treats Juliet, as he doesnt know her by insulting her for not agreeing to marry Paris.Lady Capulet is with Lord Capulet in this argument rather than trying to side with Juliet. The nurse on the other hand is very angry at Lord Capulet for arguing with Juliet and blames him.You are to blame, my lord, to rate her so. The nurse shows much love for Juliet as she has cared for Juliet more than Lady Capulet.Juliet goes to consult Friar Laurence to hear his plan to try and solve her problem. Juliet goes to Friar Laurence as she sees him as a father figure (act 4 scene 1 lines 126).Farewell, dear father! Juliet sees him as a priest but on this occasion hes more like a father to her.Shakespeare expresses Sexual Love through Sampson and Gregory (act 1 scene 1) and Mercutio and Benvolio (act 2 scene 1 lines 17-40).Sampson and Gregory make puns (act 1 scene 1 line 32) and rude jokes (act 1 scene 1 lines 22-25).I will cut off their heads the heads of the maids, or their maidenheads, meaning take womens virginity (a rude joke).My naked weapon is out, meaning his sword but this also means a mens genitals is out (a rude pun). In the start of the argument between Sampson and Gregory they both say collier, choler and collar (these three words all sound alike).Mercutio and Benvolio make jokes and puns about Romeos love (act 2 scene 1 lines 17-40).If love be blind, love cannot hit the mark meaning if theres no love then love cannot achieve its aim. Shakespeare uses such language and includes such scenes to show that sexual love is natural.When Romeo and Juliet meet and kiss each other for the first time, Shakespeare has written the words in a form of a sonnet (a fourteen line poem with the last word rhyming). The sonnet contains an argument and a way working through that argument. The sonnet also includes such religious words as Pilgrim, Profane, Shrine, Saint, Holy, etc (act 1 scene 5). These words are to show Romeo and Juliets lov e as a religion.This holy shrine meaning Juliets hand (act 1 scene 5 line 93). When Romeo spoke about Rosaline he used a lot of oxymorons loving hate, bright smoke to indicate the falseness of his love for Rosaline.In the balcony scene (act 2 scene 2) Romeo has climbed over the wall into the Capulets orchard to speak to his love Juliet (who is on her balcony of her bedroom hence the name the balcony scene). Romeo and Juliet refer to each other as words such as the sun, the moon and the stars (act 2 scene 2 lines 3, 4, and 15).Two of the fairest stars in all heaven referring to Romeo and Juliet.And Juliet is the sun! referring to Juliet. Romeo then swears his love for Juliet by the moon, but Juliet disagrees because the moon is inconstant and she wants their love to last long. Juliet then gives Romeo the idea of getting married.I have no joy of this contract to-night. Romeo promises to see her the next day.
Monday, April 13, 2020
How to Write a Sample Essay - A Guide
How to Write a Sample Essay - A GuideSo you've decided to write a sample essay for the SAT test taking. Don't despair, because writing a well-written essay can be easy. The following are some tips on how to write a good essay.A Thesaurus: The best way to begin writing a sample essay is by using a thesaurus. If you don't have one yet, go get one before you begin. You will need to gather all of the words that you want to use and write them down in order. For example, if you are writing a piece about those living in poverty, then the first words that you should consider using are 'opportunity'poverty'.Using A Keyword: The next step is to find the best keywords that you can use to describe your topic. One good place to start is with the meaning of the word, for example 'opportunity'poverty'. Write as many ideas as you can with these words in mind. Try to think about ways that you can combine the words to give new meaning to the words.Beginning a Sentence With a Connecting Sentence: The n ext thing that you need to do is put an idea between two sentences. The next part of the essay should be about the connection between the two sentences. You can do this by putting a 'through' between the two sentences.Using 'Positive' in a Sentence: The final tip for writing a good essay is to avoid the words ' that', 'that', and 'he/she/it' from writing your essay. Instead, stick to 'who', 'what', and 'how'.Your main goal when writing an essay is to 'show, not tell'. Your goal should be to communicate with your readers by being engaging, clear, and concise. If you are able to do this, then you will be better off for it.Now that you have written a sample essay, it's time to put together the essay. The best place to start is by breaking the essay up into two sections. You should do this so that you can group the essay into paragraphs. This will make it easier for you to read the whole piece, and you'll also have a way to organize it.Now that you have created a paper that you can show off to your friends and your parents, it's time to add more than a couple of words. If you are applying for college, then this would be a good time to add three more pages to your paper. It's always a good idea to apply the tips in this article to any essay that you write.
Thursday, March 19, 2020
Esperenza Rising by Pam Munoz Ryan
Esperenza Rising by Pam Munoz Ryan Free Online Research Papers On her parentsââ¬â¢ vineyard in Mexico, Esperanza lives the life of a princess surrounded by the love of her family and servants. But on the eve of her thirteenth birthday, this dream is shattered when bandits kill her father and her dishonest uncles threaten to take everything. Faced with impossible choices Esperanza and her mother flee, and must begin a new, harder life far from home. The Authors Style Pam Munoz Ryanââ¬â¢s ââ¬Ë Esperanza Risingââ¬â¢ is one of the best books I have ever read. It shows conflicts of the early 1930ââ¬â¢s in Mexico when many Mexicans were out of work and moved to the Californian states to find work. Many moved onto Company Camp Farms. These are large farms that pick crop all year round and supply housing that is only small one-bedroom cabins without proper furnishing. The book is based on Pamââ¬â¢s Abuelita grandmother, Esperanza Ortega Munoz Hernandez Elgart, who lived a life like the Esperanza in the book (her as a young child.) She suffered many of the pains that the Author wrote about and inspired people to have ââ¬Ëesperanzaââ¬â¢, The Spanish word for Hope. The Book is written in third person. The main characterââ¬â¢s thoughts and emotions tell you a bit more about conflicts and hard times they are going through or witnessing. This helps the reader to understand the emotional changes evident in the character throughout the book. It Caught my Attention! Ramona,â⬠said the Lawyer, ââ¬Å" Your husband Sixto Ortega left this house and all of its contents to you and your daughter. You will also receive the yearly income for the grapes. As you know, it is not customary to leave land to women and since Luis was the banker on the loan, Sixto left the land to him.â⬠ââ¬Å"Which makes thing rather awkward,â⬠said Tio Luis. ââ¬Å" I am the Bank President and would like to live accordingly. Now that I own this beautiful land, I would like to purchase the house from you for this amount. ââ¬Å" He handed Mama a piece of paper. Mama looked at it and said, ââ¬Å" This is our home. My husband meant for us to live here. And the houseâ⬠¦ it is worth twice as much! So no, I will not sell. Besides where would we live?â⬠ââ¬Å"I predicted you would say no Ramona,â⬠said Tio Luis. ââ¬Å"And I have a solution to your living arrangements. A proposal actually. One of marriage.â⬠Page 30-31 This part of the story made me feel very anxious and wanting to see how things would turn out. It made me wonder how I might feel if I was in Esperanzaââ¬â¢s or even Mamaââ¬â¢s position and what I might do to fix the problem. If Mama did end up marrying Tio Luis, I tried to imagine what Esperanza would feel like and how she would react. My Reflection The situation I chose to reflect on was when Mama is sent to hospital with valley fever where she had to stay for nearly 6 months. It made me feel as if I was longing to get Mama back. It made me wonder how people in the real world feel when their mums and dads are taken away. It gave me some insight on how upsetting it could be. The Character That Surprised Me! The character that surprised me most throughout the book was Miguel. Although at times Esperenza was rude to him, he still acted very respectfully towards her. One way that he showed this was acting as if he was still lower than her when he was not and by calling her ââ¬ËMi Reinaââ¬â¢ my queen. Although Miguel and Esperenza are equal, they are still on different sides of the river that never could be crossed. Several years ago, when Esperenza was still a young girl, Mama and Papa had been discussing ââ¬Å"Good Familiesâ⬠whom Esperenza should meet some day. She couldnââ¬â¢t imagine being matched with someone she had never met. So she announced ââ¬Å"I want to marry Miguel!â⬠Mama had laughed at her and said, ââ¬Å"You will feel differently as you get older.â⬠ââ¬Å"No I wonââ¬â¢t,â⬠Esperenza had said stubbornly. But now that she was a young woman, she understood that Miguel was the Housekeepers son and she was the ranch ownerââ¬â¢s daughter and between them ran a deep river that could never be crossed. In a moment of self-importance, Esperenza told all of this to Miguel. Since then they had only spoken a few words to her. When their paths crossed, He nodded and just said politely,â⬠Mi Reina, my queen,â⬠but nothing more. There was no teasing or laughing like there used to be, Esperenza pretended not to care though she secretly wished she had never told Miguel about the river.ââ¬â¢ Pg 17-18. A Taste of the Book Esperanza looked up to see Miguel, holding a broom and a dustpan. But he wasnââ¬â¢t laughing. She looked down and bit her lip so she wouldnââ¬â¢t cry in front of him. He shut the door, then stood in front of her and said, ââ¬Å"How would you know how to sweep a floor? The only thing that you ever learned was how to give orders. That is not your fault. Anza, look at me.â⬠She looked up. ââ¬Å"Pay attention,â⬠he said, his face serious. ââ¬Å"You hold the broom like this. One hand here and the other here.â⬠Esperanza watched. Then you push like this. Or pull it towards you like this. Here, you try,â⬠he said, holding out the broom. Slowly, Esperanza got up and took the broom from him. He positioned her hands on the handle. ââ¬Ë Page 118 Research Papers on Esperenza Rising by Pam Munoz RyanThe Effects of Illegal ImmigrationBook Review on The Autobiography of Malcolm XTrailblazing by Eric Anderson19 Century Society: A Deeply Divided EraHarry Potter and the Deathly Hallows EssayPersonal Experience with Teen PregnancyEffects of Television Violence on ChildrenHonest Iagos Truth through DeceptionHip-Hop is ArtComparison: Letter from Birmingham and Crito
Tuesday, March 3, 2020
Fortune Magazine Says LinkedIn is Rocking!
Fortune Magazine Says LinkedIn is Rocking! On July 15, in an interview by Margaret Larkin on WCKG Chicagoââ¬â¢s Geoff Pinkus Show, I was asked what main mistakes people are making on LinkedIn. My response was that the biggest mistake people make is not being on LinkedIn in the first place ââ¬â or not taking it seriously if they are. This sentiment was echoed in a July 2013 Fortune Magazine article entitled, ââ¬Å"LinkedIn: How Itââ¬â¢s Changing Business (And How to Make it Work for You).â⬠Journalist Jessi Hempel asserts, ââ¬Å"In the past year LinkedIn has emerged as one of the most powerful business tools on the planet.â⬠She reports that according to ComScore, the number of users who log on at least once a month has jumped 37% over last year, to 141 million worldwide. Furthermore, 88 of the Fortune 100 use LinkedInââ¬â¢s licensed recruiting software to search for job candidates; the software obviates the need to pay a headhunter. As a job seeker or business person, why would you not want to jump on the LinkedIn bandwagon with full enthusiasm? LinkedIn is largely conceived as a job seeking hot spot. It might be telling that students represent LinkedInââ¬â¢s fastest-growing member group, ostensibly because they are cognizant that it is essential to have a positive presence on LinkedIn when entering the job market. What students and other professionals might not realize, as described in the article, is that LinkedIn is not just a tool for job seekers. Large corporations such as Citigroup, NetSuite and Dell are using the power of this business network to target markets, conduct surveys, and conduct creative marketing activities. Also not obvious to most of us is that LinkedIn is working on collecting information that will likely provide some of the most accurate and valuable information about the job market and business throughout the world. CEO Jeff Weiner envisions that ââ¬Å"LinkedIn will provide a real-time measure of where jobs exist, where customers arenââ¬â¢t being served, and where people need training.â⬠One use of the site, for example, would be to identify what colleges are best for obtaining certain jobs after college. After all, LinkedIn has accurate information on where all its members went to college and what types of jobs theyââ¬â¢re in now. Watch out U.S. News World Report ââ¬â LinkedIn is coming! People are paying attention to LinkedIn. The author of the Fortune article related that she updated her LinkedIn profile as part of writing the story; and her colleagues noticed. They jumped to the conclusion that maybe she was thinking of looking for a new job- a common perception when someone updates a profile. But the reality is that updating a profile is a good idea for everyone, not just job seekers. It is a way to ââ¬Å"touchâ⬠your network and gain visibility. Maybe youââ¬â¢ll get a lunch meeting out of it, or an interesting information exchange. Perhaps the most interesting point of this article to me personally is that LinkedIn has a vested interest in having its members improve their profiles; if the site is to become competitive in the sales industry, it must provide companies with robust information on social networks. It is odd, therefore, that LinkedInââ¬â¢s platform is confusing to many, and also, as Ms. Hempel points out, that LinkedIn has not commissioned any ââ¬Å"How toâ⬠books about using its site. How to Write a KILLER LinkedIn Profile is cited as one of the premier books on the subject, a mention which makes me proud. Hempel observes that LinkedIn has been extremely persistent in its vision, making it ââ¬Å"the single biggest repository of career dataâ⬠and positioning the site to be a force in how business is done worldwide. This observation brings me back to my radio interview and my point that the biggest mistake you can make on LinkedIn is not to be on the site or not to take it seriously. How to Write a KILLER LinkedIn Profile Iââ¬â¢m doing everything I can to support LinkedIn members in creating effective profiles (and to keep up with the rapid changes LinkedIn is making to its functionality). If you havenââ¬â¢t yet read How to Write a KILLER LinkedIn Profile, I encourage you to do so; you can get a free excerpt by signing up for my e-list at https://forms.aweber.com/form/58/584588858.htm. If you want the full version, including FREE lifetime updates, order the pdf for just $9.97 from The Essay Expert. And as always, your questions are welcome. If you have a comment or question please enter it in the comments and you might just see an answer in a future blog!
Sunday, February 16, 2020
Sex and Marriage Essay Example | Topics and Well Written Essays - 750 words
Sex and Marriage - Essay Example The essay "Sex and Marriage" demonstrates that the evidence from a significant subculture, the swingers, shows that the consensual physical infidelity, especially mutual, need not threaten the stability of marriage as long as respect, consideration, trust, and love remain. The popular notion is that if one engages in nonmonogamous sex outside the bounds of marriage one is being unfaithful to their partner. The assumption is that this is being done secretly without the consent or even knowledge of the partner. Hence, we have the term ââ¬Å"cheating.â⬠Under these circumstances, I would agree that it is an act of infidelity. I partly agree with the mainstream in the following respect. The person is being unfaithful not because of the nonmonogamous sex act per se, but because it is done secretly due to anticipated partner disapproval. Applying this definition of infidelity, any act, whether sexual or not, pursued secretly due to partner expected disapproval would be an unfaithful act since it is a breach of trust. But what if the partner is aware and agrees to participate jointly in monogamous sexual activity? I would submit there is no infidelity involved as there is no breach of trust. Although I would agree that Savage is stretching when he describes monogamous sex as a ââ¬Å"need.â⬠I would accept his view that it is a strong desire for many people. I concur with the notion that responsible nonmonogamy that is done safely with the knowledge and consent of the partner does not pose a threat to the institutions of marriage. and the family as claimed by mainstream culture. Swingers I base my argument on literature that shows that swingers have a lower divorce rate than the American population at large and also on my own personal observations of people in this significant subculture (Liberated Christians). Although swingers can include singles of both sexes, most are married or common law couples with children, ranging in age from 20s to 60s. They can be from all walks of life including the clergy. They tend to be middle and upper socioeconomic classes but, otherwise, are indistinguishable from the majority except for their open pursuit of non monogamous relationships. To me the chief characteristic separating swingers from non swingers is that the former draw a clear distinction between ââ¬Å"sexâ⬠and ââ¬Å"loveâ⬠. My experience is that while group sex does indeed take place it is not as prevalent as non swingers believe nor it is the ââ¬Å"be all and end allâ⬠of this lifestyle. While it is true that there is more emphasis on the physical erotic aspects of the sex act, this does not mean that friendship and affection are excluded. For example, while I can enjoy sex with a new partner, I do so even more with one I have gotten to know developed some feelings for. On the other hand, if I disliked my sexual partner I would not derive any pleasure having sex with her. Swingers have developed the theory of primary and secondary relationships to distinguish their relationships between their wife or long term partner and their ââ¬Å"temporaryâ⬠partners. If you are interested in a new partner but know that your
Sunday, February 2, 2020
Macro2B Essay Example | Topics and Well Written Essays - 1000 words - 1
Macro2B - Essay Example Workers who spend time looking for employment are engaged in job search. This type of unemployment is the case of frictional employment, which is due to the time workers spend in job search. This exists even when the number of people seeking jobs is equal to the number of jobs being offered, that is it does not mean that there is a surplus of labor. However, unemployment when there are more people seeking jobs in a labor market than there are jobs available at the current wage is called as structural unemployment. Both frictional and structural unemployment is inevitable in any economy. Thus, a certain amount of unemployment is normal, which is called as the natural rate of unemployment. The natural rate of unemployment is the unemployment rate that arises from the effects of frictional plus structural unemployment. Actual unemployment rate fluctuates around the natural rate of unemployment. The natural rate of unemployment is calculated as: 4. Perhaps tongue-in-cheek, some economists occasionally distinguish between ââ¬Å"goodâ⬠inflation and ââ¬Å"badâ⬠inflation. Speculate as to why these economists might see some inflations as superior to others. Inflation is the sign that an economy is growing or expanding. The lack of inflation is an indicator that the economy is weakening. A small inflation is just as bad as high inflation. Thus, it is not easy to label inflation as good or bad, and it depend on overall economy and individual personal thinking. When an economy grows or expands (boom) the price level of goods and services rises. This effectively increases the inflation. Since, economy is growing people have more money to purchase and therefore, the purchasing power of individual increases comparatively. This type of inflation is generally referred as ââ¬Å"goodâ⬠inflation. If an economy continue to grows, there comes to a point (peak), when the inflation is too high and government needs to do something to lower
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