MGM102H5 Chapter Notes - Chapter 16: Money Supply, Sin Tax, Fossil Fuel
Document Summary
Chapter 16: the role of government in business. Government affects business: government involvement in the economy. Canada mixed economy: some allocation of resources made by the market, some made by the government. National policy: placed high tariffs on imports from the united states to protect. Canadian manufacturing, which had higher costs: develops by sir john a. macdonald. Financial role of two special provincial crown corporations: powerful investment vehicle, used to guide economic development, must operate on a sound financial basis, but also make investment decisions that will benefit the province. Federal government responsibilities: responsible for issues that affect citizens across canada, p(cid:396)i(cid:373)a(cid:396)y (cid:396)espo(cid:374)si(cid:271)ility: to e(cid:374)su(cid:396)e a(cid:374)d suppo(cid:396)t the (cid:272)ou(cid:374)t(cid:396)y"s e(cid:272)o(cid:374)o(cid:373)i(cid:272) performance, other responsibilities that impact business operations: Incorporations: trade regulations (interprovincial and international, taxation (both direct and indirect, the banking and monetary system, hospital insurance and medicare, the public debt and property, national defence, unemployment. Provincial government responsibilities: regulation of provincial trade and commerce, natural resources within their boundaries.
