BUSI 1600U Chapter 4: Understanding Canadian Business [BUSI1600] - Chapter 4 Notes
Document Summary
*** the role of government in business * Mainly divided into 6 categories: crown corporations, laws and regulat ions, taxation and financial policies, government expenditures, purchasing polic ies, and services. These 6 categories cannot be detailed individually because they are al l factors for one another. Example: laws regulate crown corporations, so to refer to one is to refer to the entire list. Government tries to respond to business needs so, just as government a ffects business, so does business affect government. National policy > government directive that placed high tariffs on imp orts from the usa to protect canadian manufacturing. A company that is owned by the federal or provincial government. Privatization > the process of governments selling crown corporations. Teleglobe canada, air canada, cnr, etc. are all examples of fo rmer crown corporations sold to the nation to allow for expandability and econom ic growth.
