BUSI 1800 Lecture Notes - Lecture 4: Unemployment Benefits, Sin Tax, Fiscal Policy
29 Jul 2015
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National policy- government directive that places high tariffs on imports from the united states to protect canadian manufacturing, which had higher costs. Crown corporations- companies that are owned by the federal or provincial government. Privatization- the process of governments selling crown corporations. Deregulation- government withdrawal of certain laws and regulations that seem to hinder competition. Marketing boards- organizations that control the supply or pricing of certain agricultural products in canada. Fiscal policy- the federal government"s effort to keep the economy stable by increasing or decreasing taxes government spending. Deficit- occurs when a government spends over and above the amount it gathers in taxes for a specific period of time, usually a fiscal year. National debt (federal debt) the accumulation of government surpluses and deficits over time. Federal budget- a comprehensive report that reveals government financial policies for the coming year. Monetary policy- the management of the money supply and interest rates.
