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Workplaces
Click on each question to check your answer.
1. What are the differences between capitalism and socialism?
Answer: Capitalism supports an economic system where private individuals or corporate groups own the means of production and distribution and invest in private capital to produce goods and services to be sold for a profit in the marketplace. Socialism began flourishing in the nineteenth and twentieth centuries. In contrast to capitalism, socialism supports the public ownership of the means of production and distribution and the investment of public capital in the production of goods and services.
2. What do you understand from this chapter about unpaid work done by women in the world?
Answer: Especially in South and Southeast Asia, between 43 to 48 per cent of the country’s GDP is due to unpaid work, most of it performed by women. When one compares unpaid agricultural and housework of these women with wage labour of developed countries, women’s work hours are estimated to exceed men’s by 30 per cent.
3. What are some predictors of unemployment?
Answer: Social and financial environments like downsizing are major predictors. Human capital characteristics like educational levels, work experience, and even age can be considered good predictors. Parental divorce or parental unemployment tends to predict unemployment among youth.
4. What are some of the problems with workplace safety in Canada?
Answer: Workplace deaths and work-related injuries are two types of work-safety problems in Canada. Canada has one of the worst workplace fatality rates—6.1 deaths per 100,000 workers—among OECD countries. This is because of the higher involvement of people in dangerous work of resource extraction such as mining, logging, fishing, and oil drilling.
5. What are intrinsic rewards and extrinsic rewards?
Answer: Intrinsic rewards refer to the benefits of work that vary from job to job. Extrinsic rewards are recognition, promotion, and benefit packages. Job satisfaction depends heavily on the inseparable good mix of both these awards.