Class Notes (836,277)
Canada (509,738)
York University (35,302)
ADMS 1010 (296)
Yong Troy (33)
Lecture 3

Week 3 Canada Expands: Agricultire and Manufacturing [p1]

3 Pages
Unlock Document

Administrative Studies
ADMS 1010
Yong Troy

Week 3Canada Expands Agriculture and Manufacturing ADMS 1010TroyPart IA Mixed Economy What is itContains private ownership and stateownership of the means of production infrastructure and institutions It allows for private financial decisions by businesses and individuals Government has the power to override these decisions through legislationA Market Economy What is itA market economy is an economy in which goods and services are traded Governed by the law of supply and demand Prices are determined in a separate market for each commodityPrices act as the signaling mechanism to answer all basic economic questions Performance Criteria of a Mixed and Market EconomyThe emphasis is on achieving maximum output per person or per person employed Freedom of choice is available to both producers
More Less

Related notes for ADMS 1010

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.