POLS 3470 Lecture Notes - Lecture 1: Policy Network, Exogeny, Business Matters
5 Dec 2017
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Business environment: operations in two key environments, economic markets, business leaders know this market very well- outputs are sold and inputs (material, capital and labour) are used referring to a capitalist economy. Atomistic competition/perfect competition- very few barriers to entry, must sell better or cheaper product to remain competitive. Pure monopoly- one provider of the service, huge barrier to entry, can charge any prices to customers (state can step in to regulate the firm from screwing customers) Promote economic success- best ceo"s must be able to adapt to shifting political policies. Importance of government for business: stabilize the economic environment, markets need the state to ensure this at the very least through fiscal policies and monetary policy- value of the. Sleeman centre, ex. governments offering loans to auto industry during 2008 recession: crown corporations, 100"s of state owned crown corps ex.
