POLS 3470 Chapter Notes - Chapter 6: Monopsony, Oligopoly, Monopolistic Competition

• School: University of Guelph
• Department: Political Science
• Course: POLS 3470
• Professor: Tim Mau

Document Summary

Canadas economic structure: diversity, dynamism, and the political. Economic structure: a term that describes the basic characteristics and divisions of economic activity within either a particular geographic area or an overall economic system. The structures and networks of business ownership and activity play a vital role in: 1) the nature and levels of economic activity. 2) how these factors interact with the institutions and policy of governments. The dynamics of structural economic change resulting from the responses of business and governments to technological change and economic globalization since the. 1970s have dramatically altered ways in which canada"s economy is organized. Continuous change has increased the importance of fostering canada"s international economic competitiveness and of enabling citizens, business, and government to adapt to circumstances often beyond their immediate control. Capital markets: processes for organizing and mobilizing savings and investments from varied sources to meet the financial needs of individuals, businesses, governments and other economic actors.