BU111 Lecture Notes - Lecture 17: Environment And Climate Change Canada, Protectionism, Absolute Advantage

• School: WLU
• Department: Business
• Course: BU111
• Professor: Sofy Carayannopoulos

Document Summary

Laws, regulations: taxes, trade agreements or conditions, political system, political stability, government can create incentives, constraints, or support/bail out when needed, affects uncertainty, risk, and constraints/costs faced by firm. How government influences business: customer buys products & services, competitor canada post, cbc, regulator/law maker. Regulates business activity; influences technology standards crtc. Intellectual property rights: what: legal rights that result from intellectual activity in the industrial, scientific, literary and artistic fields. Creates incentive to innovate and be unique by allowing you to benefit from your innovation/creation. Collected by all three levels of government. Approaches - progressive, regressive (ex: hst), restrictive: provider of incentives & financial assistance. Subsidies, tax breaks, support services for small and large businesses, research funding. Bail outs: provider of essential services. Highways, armed forces, police & fire dept. , hospitals, education. Trademarks: a word (or words), a design, or a combination of these, used to identify the goods or services of one person or organization.