AFM131 Chapter Notes - Chapter 4: Consumer Protection From Unfair Trading Regulations 2008, Fiscal Policy, Maple Syrup

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: David H A

Document Summary

National policy: government directive that placed high tariffs on imports from the united states to protect canadian manufacturing, which had higher costs. 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 or pricing of certain agricultural products in canada. The federal budget: a comprehensive report that reveals government financial policies for the coming year. Industrial policy: a comprehensive, coordinated government plan to guide and revitalize the economy. Canadian economic system is one in which some allocation of resources is made by the market and some is made by the government. When canada formed as a country in 1867, most of the population was spread across the country with no railway to connect it. Traded mostly with the us because of proximity. Prime minister developed national policy to protect canadian economy. Companies that are owned by the federal or provincial government.