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Mike (1)
Lecture

Chapter Three Definitions

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Department
Pre-Business
Course
Pre-Business BUS107
Professor
Mike
Semester
Fall

Description
Chapter Three Definitions:  Crown Corporation – A company that is owned by the federal or provincial government  Deficit – Occurs when a government spends over and above the amount it gathers in taxes for a specific period of time (namely, a fiscal year).  Equalization – A federal government program for reducing fiscal disparities among provinces.  Federal budget – A comprehensive report that reveals government financial policies for the coming year.  Fiscal Policy – The federal government’s effort to keep the economy stable by increasing or decreasing taxes or government spending.  Industrial policy – A comprehensive, coordinated government plan to guide and revita
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