COMMERCE 1E03 Chapter 3: Chapter 3 - The Role of Government in Business
5 Feb 2012
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Chapter 3 the role of government in business. Government activities that affect business may be divided into six categories: crown corporations sometimes compete with for-profit businesses, laws and regulations, taxation and financial policies, government expenditures, purchasing policies, services. When canada was formed as a country in 1867, the federal government was given the power to regulate trade and commerce. National policy: government directive that places high tariffs on imports from the. United states to protect canadian manufacturing, which had higher costs. Crown corporation: a company that is owned by the federal or provincial government. They were set up for several reasons they provided services that were not being provided by businesses, how air canada came to be. Created to bail out a major industry in trouble, which is how the canadian national railway was put together. Lastly, they provided some special services that could not otherwise be made available, as in the case of the bank of canada.
