ADMS 1000 Study Guide - Final Guide: Canadian Radio Broadcasting Commission, Air Canada

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

Document Summary

They implement public policy and safeguard national interests e. g. air canada. Protect vital industries like cnr and crbc. Governmental assistance to private businesses tariff imported goods to protect our domestic goods by making foreign goods a bit more expensive. Bailouts one-time financial assistance to overcome financial trouble. Subsidies cash payments, low interest loans or reduced taxes for businesses. The problem with government bailouts and subsidies. Market decisions such as business investment should be made by investors and not politicians. Subsidies are unfair, they may not always be given to those businesses that deserve it and actually need it. Subsidies are contrary to the idea of capitalism (companies that are profitable should stay in businesses and those that aren"t should not be permitted to continue) Can also potentially be viewed as violating fair trade agreements (it"s unfair to foreign competitors who don"t get any subsidies and have to compete with government subsidized businesses)