COMMERCE 1E03 Chapter 4: COMMERCE 1E03- Chapter 4 terms
23 Jan 2019
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National policy: government directive that placed high tariffs on imports from the united. States to protect canadian manufacturing which had higher costs. Crown corporations: companies that are owned by the federal or provincial government. Privatization: the process of governments selling crown corporations. Deregulation: government withdrawal of certain laws and regulations that seem to hinder competition. Marketing boards: organizations that control the supply of pricing of certain agricultural products in canada. Fiscal policy: the federal government effort to keep the economy stable by increasing or decreasing taxes or government spending. Deficit: occurs when a government spends over and above the amount it gathers in taxes for a specific period of time (namely, a fiscal year) National debt (federal debt): the accumulation of government surpluses and deficits over time. Federal budget: a comprehensive report that reveals government financial policies for the coming year. Monetary policy: the management of the money and interest rates.
