ARBUS101 Chapter Notes - Chapter 4: Canadian National Railway, Fiscal Policy, Air Canada
29 Nov 2016
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Chapter 4: the role of government in business. Government activities that may affect business may be divided into six categories: crown corporations, laws and regulations, taxation and financial policies, government expenditures, purchasing policies, services. National policy: placed high tariffs on imports from the us to protect canadian manufacturing, which had higher costs. Crown corporations: companies that are owned by the federal or provincial government. Set up for multiple reasons including providing services that businesses didn"t already provide (ex. Air canada and the canadian national railway, power companies [hydro qu bec]) Privatization: the process of governments selling crown corporations ex. Deregulation: government withdrawal of certain laws and regulations that seem to hinder competition. The power to make laws is based on the bna established in 1867. Became apart of the constitution and was renamed the constitution act in 1867. Laws are derived from four sources: the constitution, precedents, provincial and federal statutes, and federal and provincial administrative agencies.
