ARBUS101 Chapter Notes - Chapter 4: Canadian Wheat Board, Canadian National Railway, Canada Pension Plan
26 Oct 2016
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Government activities that may affect business may be divided into 6 categories: crown cooperation, laws and regulations, taxation and performance process, government expenditures, purchasing policies, services. The role of the government in business - governments are trying to respond to business needs. Canada"s is a mixed economy- economic system in which some allocations (distributions) of resources is made by the market and some is made by the government. National policy- government directive that placed high tariffs on imports from the united states to protect canadian manufacture, which had higher cost. Crown cooperation- companies that are owned by the federal or provincial government. Canadian national railway(cnr) was created: lastly they provided special services that could not otherwise be made available (bank of. Canada: typically crown cooperations own the provinces electric power company. Established when alberta"s economy was prospering as result of the oil boom. The government set aside its oil boom revenue to start a fund.
