ADMS 1000 Lecture : Week 8

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Eytan Lasry

Document Summary

Collection of revenue taxes (individual, corporation, sales, property) Collection of restrictive/regulatory taxes (excise & customs duties/tariffs) [e. g. on tobacco, alcohol, etc. ] Government as guardian of society & business owner crown corporations. Ccs provide services that private enterprise would not otherwise pursue [i. e. canada post] Ccs allow for more government control [i. e. olg, lcbo] Ccs implement public policy & safeguard national interests, [e. g. cmhc, bank of. Ccs protect vital industries, [e. g. cnr, cbc] Number of ccs has been decreasing along with the number of employees. Lcbo is a successful cc business & a regulatory system on alcohol consumption. The role of government in business regulation. Imposes constraint to modify economic behaviour in the private sector. [e. g. energy, health and safety, labour, food, consumers, etc. ] Imperfect competition interventions ensures appropriate provision of goods and services. Public interest protects consumers through regulation, limitations imposed on business [e. g. foreign ownership, advertising, pricing, etc. ] Bailouts e. g. chrysler [1980s & 2008], gm & us banks [2008].