COMMERCE 1E03 Chapter Notes - Chapter 4: Money Supply, Canadian Confederation, Price Fixing
24 Dec 2014
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Governments main objective is to help businesses: crown corporations, laws and regulations, taxation and financial policies, government expenditures, purchasing policies, services. All governments are involved in the economy: canada"s historical protectionism from stronger economies is the reason why. National policy: placing high tariffs on imports to protect domestic manufacturing companies, which had high costs. Government are large employers in our economy. Several reasons for set up: provided resources that were not provided by businesses. Air canada: created to bail out industries. Cnr: special services that were otherwise not available. The role of the government: since the 90s, canada has begun reduces role of government in the economy. The whole process of selling publically own companies to private hands is called privatization: deregulation. Removal of regulations set on certain businesses: looking to lower cost, and increase efficiency. Political partied influence business environment with different values. Power to make laws is based on the like british north america act of 1867 (constitution.
