Incomes policy and Prices and Incomes Accord

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Incomes policy and Prices and Incomes Accord

Incomes policy vs. Prices and Incomes Accord

Incomes policies in economics are economy-wide wage and price controls, most commonly instituted as a response to inflation, and usually seeking to establish wages and prices below free market level. The Prices and Incomes Accord was an agreement between the Australian Council of Trade Unions and the Australian Labor Party government of Prime Minister Bob Hawke and Treasurer (later Prime Minister) Paul Keating in 1983.

Similarities between Incomes policy and Prices and Incomes Accord

Incomes policy and Prices and Incomes Accord have 6 things in common (in Unionpedia): Australian Labor Party, Bob Hawke, Enterprise bargaining agreement, Free market, Social Contract (Britain), Stagflation.

Australian Labor Party

The Australian Labor Party (ALP, also Labor, was Labour before 1912) is a political party in Australia.

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Bob Hawke

Robert James Lee Hawke, (born 9 December 1929) is a former Australian politician who was the 23rd Prime Minister of Australia, serving from 1983 to 1991.

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Enterprise bargaining agreement

Enterprise bargaining is wage and working conditions being negotiated at the level of the individual organisations, usually in Australia.

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Free market

In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

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Social Contract (Britain)

The Social Contract was a policy by the Labour government of Harold Wilson in 1970s Britain.

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Stagflation

In economics, stagflation, a portmanteau of stagnation and inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.

Incomes policy and Stagflation · Prices and Incomes Accord and Stagflation · See more »

The list above answers the following questions

What Incomes policy and Prices and Incomes Accord have in common
What are the similarities between Incomes policy and Prices and Incomes Accord

Incomes policy and Prices and Incomes Accord Comparison

Incomes policy has 75 relations, while Prices and Incomes Accord has 26. As they have in common 6, the Jaccard index is 5.94% = 6 / (75 + 26).

References

This article shows the relationship between Incomes policy and Prices and Incomes Accord. To access each article from which the information was extracted, please visit:

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