ARBUS101 Chapter Notes - Chapter 4: Industrial Policy, Money Supply, Fiscal Policy
3 Nov 2017
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Document Summary
Module 2 (ch. 4) - the role of government in business. National policy - government directive that placed high tariffs on imports from the us to protect (more expensive) canadian manufacturing. Government activities in business: crown corporations - companies owned by the federal / provincial governments. Privatization - process of government selling crown corporations. Deregulation - government withdraws certain laws / regulations for hindering competition. Incorporation of federal companies: trade regulation, taxation, banking & monetary, hospital insurance & medicare, public debt & property, national defence, unemployment. Marketing boards - organizations that control supply / pricing of certain agricultural products in canada. Provincial government responsibilities: taxation & financial policies. Incorporating provincial companies: regional provincial trade & commerce, natural resources, direct taxation, licensing for revenue, administration of justice, health & social services, municipal affairs, property law, labour law, education. Fiscal policy - federal government"s effort to stabilize economy by increasing / decreasing taxes or government spending.
