MGTA01H3 Chapter Notes - Chapter 1: Demand Curve, Perfect Competition, Equilibrium Point
14
MGTA01H3 Full Course Notes
Verified Note
14 documents
Document Summary
Chapter 1 understanding the canadian business system notes. N information resources information such as market forecasts, economic data, and specialized knowledge of employees that is useful to a business and that helps it achieve its goals. N much of what a business does results in either the creation of new information or the repackaging of existing information for new users and different audiences. N command economy es in which gov"t controls all or most factors of production and makes all or most production decisions. N market economy es in which individuals control all or most factors of production and make all or most production decisions. N market a mechanism for exchange between the buyers and sellers of a particular good or service. N mixed market economy es with elements of both ce and me, in practice, typical of most nations" economies.
