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Economy - Coggle Diagram
Economy
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Insurance
It is private in Ontario, allowing companies to charge more than necessary and reject low credit.
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Stock Trades
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Pay for a part of a company as a stock and the value of that stock depends on the total value of the company.
Currency Conversions
Not all currencies are the same and will constantly change based on the situations within there own country so conversions are constantly monitored
Each country tends to have their own currency. So if someone from another country needs to pay for something from a different country, there needs to be some sort of conversion.
The Great Depression
Due to fear of losing money in stock market, many people sold their stocks causing the value of certain companies to plummet. Also, caused prices for everything to skyrocket.
Wages
Minimum wage
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Originally, this was supposed to be the living wage. Now it is the minimum amount a company must legally give their employees.
Housing Market
The housing market is mostly privatized causing unnecessarily high prices for low or average quality house environment.
I chose economics as my GNED because I wanted to be more aware of my financial situation and how I can make it better.