MB105- Midterm Exam Guide - Comprehensive Notes for the exam ( 63 pages long!)

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The roles the canadian government plays in business. Government influences business activity in the canadian economy through its many roles: Government becomes a regulator when it regulates many aspects of business activity through administrative boards, tribunals, and commissions. Regulations promote competition between businesses, protect customers, achieve social goals, and protect the environment. Government becomes a provider of incentives when it offers programs that help stimulate economic development. Government becomes a provider of essential services when it supplies services that create the stability that encourages business activity. Government becomes a taxation agent when taxes are imposed and collected by the three levels of government. Government becomes a customer when buying from businesses. Government becomes a competitor competes with businesses through its crown corporations, such as canada post, the canadian broadcasting corporation, sasktel, lcbo, etc. Business and discuss the role of business in the economy.

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