RSM100Y1 Lecture Notes - Lecture 3: Environmental Good, Money Multiplier, Snc-Lavalin
Document Summary
Resources (natural resources, infrastructure, financial resources, water, energy etc) Wealth (n) the annual produce of the land and labour of society adam smith, 1776. Wealth creation: combining materials, ideas, labour, technology so that the output can be sold for more than costs. This profit brings wealth to the people and society involved in production. Gdp =if everything we (a country) produced is sold and turned into revenue, the value is the. Canada"s mixed market economy: free enterprise reigns in canada, yet (99% in private sector, government continues to own businesses, many of these are legacies of scale, privatization continues (eg. hydro one) Adrian morrow the globe and mail published wednesday, jun. Ontario premier kathleen wynne has unveiled a plan to privatize hydro one, a major government-owned electricity agency. If it goes through, it will be one of the largest privatizations of a government asset in a generation in canada.
