MGTA01H3 Chapter Notes -Capitalism, Canadian Business, Tax Deduction
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MGTA01H3 Full Course Notes
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***chapter 7: enterprises & entrepreneurs: the many business of canada & the people who start them(p. 144-163) Canadians" prosperity (economic success) is due to a system that encourages private enterprise and entrepreneurial behaviour. Canada is a liberal, market economy; anyone may start start almost any business. An expression used to indicate that individuals have the freedom to start and run business without bureaucracy or undue regulation. Freedom from bureaucracy and the absence of undue regulation that has led to the expression freedom from bureaucracy ease and speed of starting low cost and minimum regulation when starting and running a business. Some unofficial define: focus on the number of employees; focus on revenues; focus on profits. Borrow up to a max amount of ,000. A business with a small number of employees can generate large revenues depending upon the kind of good or service it produces. A business with a very large number of employees can make a very small profit.
