ADMS 1000 Lecture Notes - Liquor Control Board Of Ontario, Canadian Business, Natural Monopoly

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

Document Summary

Lecture 9 the political context july 10. The canadian economy is a mixed market system: essentially capitalist but with a strong government influence in various sectors of the economy and nearly complete control of the health care and education sectors. Collection of revenue taxes (individual, corporation, sales, property) Collection of restrictive/ regulatory taxes (excise & customs duties/tariffs) e. g. on. Government as guardian of society & business owner crown corporations. Ccs provide services that private enterprise would not otherwise pursue (canada. Ccs allow for more government control (olg, lcbo) Cc"s implement public policy & safeguard national interests, e. g. cmhc, bank of. Cc"s protect vital industries: e. g. cnr, cbc. Number of cc"s 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 & safety, labour, food, consumers etc.