ADMS 1000 Lecture Notes - Lecture 10: Canada Labour Code, Consumer Protection, Main Source

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Peter Tsasis

Document Summary

Capitalism is they type of economic system that is based on a number of fundamental principles: rights of the individual, rights of the private property, competition, the role of govt. Government as a guardian of society: funding services and programs, establishing crown corporations, regulating business- modifying economic behaviour, safeguarding canadian interests. The main source of law: common law, civil law, statue law, administrative law, business law. Impartment laws that regulate business: charter of rights and freedom, canadian human rights act, canadian labour code, bankruptcy and insolvency act, consumer protection, taxes: income, property, payroll, sales, excise. Imperfect competitors: to respond to consumer demand in needed markets: public interest: to protect public interests (i. e. safety, pricing, etc. ) Safeguarding canadian interests: focuses on the protection of the canadian national identity and culture by limiting the extent of foreign ownership. Forms of govt influence: low interest loans, tax breakers, subsidies, tariffs, quotas, restricting legislation, government, grants, bailout.