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(week 1 and 2, week 3, essay preperation, week 4, week 5, week 7), week 6 …

- - - - agreements in which competitors divide markets among themselves
    - - the dependence of two or more people or things on each other
      - organizations or things
    - - lack of resources
      - Africa is scarce in water
- - - - working less than one hour a week
    - - dividing the number of unemployed people by the total number in the labor force, then multiplying by 100.
    - - cyclical
        
        Cyclical unemployment is a type of unemployment which is related to the cyclical trends in the industry or the business cycle
      - hard core
        
        people who have been without work for a long time and who are the least likely to want or find jobs
        
        mentally ill, disabled or unemployable
      - frictional
        
        Frictional unemployment is unemployment resulting from people transitioning between jobs
        
        tradie
      - seasonal
        
        people are unemployed at particular times of the year when demand for labour is lower than usual
        
        farmers
      - structural
        
        unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand
        
        manufacturing jobs
    - - economic
      - social
      - political
- - - - Technological advancement
      - Increases in labor inputs, such as workers or hours worked
      - Accumulation of capital stock
    - - what is it
        
        general rise in price level relative to available goods resulting in a substantial and continuing drop in purchasing power in an economy over a period of time
      - what causes it
        
        consumer price index measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households