MGM102H5 Lecture 5: Government and Relations
Document Summary
Mgm102 government and relations: official body that regulates rules for in the country, decides taxes, import/export regulations, etc, large portion of power in canada exists in federal hands. Provincial government: takes care of society needs, health, and environmental services, state banks control the wealth in nations. Municipal government: deals with transportation, roads, railways, etc, i. e. in a place like toronto people normally elect their governments, regulated industries, free market. Milk production x x x x x x x x x. Lastly, they provided some special services that could not otherwise be made available, as in the case of the bank of canada (controls federal dollar) Laws and regulations: created by politicians who have been elected by citizens in the country, consequently, the political parties in power can greatly affect the business environment, taxation and financial policies, government expenditures, purchasing policies, services. Marketing boards control the supply of pricing of certain agricultural products.
