BU111 Lecture Notes - Lecture 2: Workforce Development, Gross Domestic Product, Interest Rate

• School: WLU
• Department: Business
• Course: BU111
• Professor: Laura Allen

Document Summary

As a customer, regulator, manager, taxation agent, economic stimulation agent, and competitor: contributing factors to canadian economic development, open system: = an economic system that adheres to the. : -- a stable political system include: ppt . - necessary factors of production such as roads, ports, utility systems, educated workforce, technology-based business management systems. -national and provincial debt levels within acceptable limits. -strong monetary policies and a central bank (bank of. -strong natural resource base: foreign direct investment fdi : occurs when a company or individual from one country makes an investment into a business within another country. This investment can reflect the physical ownership of productive assets or the purchase of a significant interest in the operations of a business: the underlying economic model. A balanced relationship needs to exist between the three fundamental market composition principles in order for an economic system to develop and grow : 1.