BUSI 1600U Lecture Notes - Lecture 4: Money Supply, Monetary Policy
Document Summary
Management of the enterprise: the role of government in business chapter 4 notes. Crown corporations are companies that are owned by the federal or provincial governments. Privatization is the process of selling publicly owned corporations. Deregulation means that the government withdraws certain laws and regulations that seem to hinder competition. Marketing boards control the supply or pricing of certain agricultural products. Merging of public and private philosophies in public-private partnerships (p3s or ppps). They represent a method of privatizing public services or public infrastructure. Fiscal policy refers to the federal government"s effort to keep the economy stable by increasing or decreasing taxes or government spending (low tax rates give the economy a boost) If the government spends over the amount it gather in taxes for a period of time (fiscal year), then it has a deficit. The national debt (federal debt) is the accumulation of government surpluses and deficits over time.
