ADMS 1010 Lecture : Week 1

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: Yong Troy

Document Summary

This course is an examination of the interaction between business and government. How government interacts with business and impacts on the business environment is they key component of this course. The economy is a complex system that helps to define society. Made up of many different important distinct by interconnected elements: production, allocation of economic inputs, consumption of goods and services, composed of people, institutions, corporations, rules and regulations and the interpersonal relationships between all of these elements. Canada has what is referred to as a mixed economy. A mixed economy contains both private ownership and state-ownership of the means of production, infrastructure, and institutions. It allows for private financial decisions by businesses and individuals, but government has the ability to regulate business or prevent business from doing something. An example of government control in a mixed economy. In 1998, 4 of the 5 big canadian banks were looking to merge (rbc with bmo, td with cibc).