ARBUS101 Chapter Notes - Chapter 4: Sin Tax, Unemployment Benefits, Government Spending
30 Jan 2017
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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. 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. Recent trend: the disposal (selling) of government asset/ companies directed a minor revolution in canada"s history.
