Province prepares an economic renewal plan.The provincial Ministry of Industry Trade and Technology (MITT) is planning to release an economic renewal package for Ontario Ontario, city, United States Ontario, city (1990 pop. 133,179), San Bernardino co., S Calif., near Los Angeles, in a region of vineyards; inc. 1891. in the next few months. This announcement was made last month by ministry spokesman Peter Friedman Fried·man , Milton Born 1912. American economist. He won a 1976 Nobel Prize for his theories of monetary control and governmental nonintervention in the economy. Noun 1. during the Northern Ontario business Northern Ontario Business is a Canadian magazine, which publishes monthly in Greater Sudbury, Ontario. The magazine covers business news and issues in Northern Ontario. conference sponsored by MITT and the Ministry of Northern Development and Mines. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Friedman, MITT is predicting that Ontario will have a 3.7-per-cent economic growth rate for each of the next three years. Despite this good news, however, he indicated that the road to economic recovery will be a long one because the recent recession was the worst of the past 50 years with fundamental restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). of major industries and job losses affecting 250,000 people. "This time two-thirds of the job losses will be permanent," he said. Friedman indicated that Ontario's strengths are its manufacturing sector, established trade markets, labor force and education system. Its weaknesses are foreign control, a narrow base of internationally successful businesses and a lack of technology-intensive manufacturing. |
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