MGM101H5 Chapter Notes - Chapter 5: Protectionism, Environment And Climate Change Canada, Pest Analysis

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Nate Charlow

Document Summary

Chapter 5 notes: the canadian economic environment canada and its economic system: g7/8: quasi organization comprising the world"s major fully developed economies, g7 usa, japan, germany, great britian, france, italy, canada. Foreign direct investment: occurs when a company of individual from one country makes an investment into a business within another country. Allowance for private ownership, entrepreneurship, and wealth creation. Principle refers to openness of markets to support, encourage, and promote the concepts of private enterprise, personal ownership, entrepreneurship, and wealth creation. Includes core principles of economic freedom, with some degree of centralized economic planning and government regulation and involvement. Law and supply and demand: government involvement, canadian mixed economic system. Expenditures : purchases you make in support of your day to day economic activity that are deemed to be of value in meeting sustenance needs and improving your overall quality of life. Economic activity = expenditures + savings + investment + credit.