MGTA01H3 Lecture : Lecture Note for MGTA03, Lecture 3

4) In a mixed market economy a) the government owns a share in all businesses private enterprises are permitted, but only in certain industries private enterprises pay some of their profits to the government most enterprises are privately owned, but not the banks

8) In a command economy a) there are no entrepreneurs entrepreneurs must share their business with the state the government takes the lead in planning the economy businesses pay 100% of their profits in taxes

Governments in Canada have influence over the economy because they a) b) collect taxes from businesses and individuals compete in some industries regulate many industries all of the above.