MGTA01H3 Lecture Notes - Lecture 1: Risk Aversion, Risk-Seeking, Gambling
18 Dec 2015
School
Department
Course
Professor
14
MGTA01H3 Full Course Notes
Verified Note
14 documents
Document Summary
Anyone is allowed to start a business -> freed om of free market systems. Free enterprise = an expression used to indicate that individuals have the freedom to start and run businesses without bureaucracy and undue regulation. If we make enough income, we must all pay taxes if you earn more than. ,500 (including profit from business) must pay taxes, anything less don"t need to pay tax businesses. Estimate of 2. 7 million businesses in canada. 1. 49 million canadians earned income = self employment 55. 3 % of all canadian. 90 % canadian businesses employ less than 10 people. 17. 9 million canadians with jobs: 20 % work for public sector, 80% work for private sector. Private sector = the part of the economy that is run by private individuals, usually. 65% are employed by others with the aim of making a profit. Sme = a commonly used acronym for small and medium sized enterprises,
