MGTA01H3 Study Guide - Final Guide: Capitalism, Canadian Business, The Need

• School: UTSC
• Department: Management
• Course: MGTA01H3
• Professor: Chris Bovaird

Document Summary

Under canada"s market-based system, anyone is allowed to start a business. Canada"s many small businesses produce goods, services and jobs that make. Canada one of the most prosperous countries of the world. Anyone can start a business at any time. Not necessary to fill out any forms or pay any fees. Free enterprise: an expression used to indicate that individuals have the freedom to start and run businesses without bureaucracy and undue regulation. So how can people have discussions about business in canada: everyone must all pay taxes, < ,500 income -> do not need to advise or interact with the. Each of canada"s provinces and territories and social services employs many thousands of people. The remaining are employed in the private sector. Private sector: the part of the economy that is run by private individuals, usually with the aim of making a profit. No generally accepted definition of what is meaning by a small business.