MGM102H5 Chapter Notes - Chapter 6: Business Cycle, Transfer Payment, Subprime Mortgage Crisis
Document Summary
Chapter 6- the role of government in business. Provide services that were not being provided by businesses. Bail out a major industry in trouble. Provided special services that could not otherwise be made available: the financial role of two special provincial crown corporations. The alberta heritage savings trust fund must operate on a sound financial basis, and it makes investment decisions that will benefit alberta. Quebec deposit and investment fund handles funds of quebec and is an investment vehicle that is used to guide economic development: the role for government. Federal and provincial governments have embarked upon a series of measures designed to reduce the role of government in economy. Privatization- the process of governments selling crown corporations. Government agencies are also looking at ways to lower costs and improve efficiencies. Laws and regulations: cover a wide range from taxation and consumer protection to environmental controls, working conditions, and labour- management relations.
