MGTA01H3 Chapter Notes - Chapter 6: World Economic Forum, The Need, Risk Aversion

• School: UTSC
• Department: Management (MGT)
• Course: MGTA01H3
• Professor: Chris Bovaird

Document Summary

Chapter 6: enterprise and entrepreneurs - the business. Of canada and the people who start them. Statistics canada uses tax information to estimate the number of businesses roughly 2. 7 million businesses in canada. In 2014-2015, world economic forum (non-profit based in switzerland) ranked canada first in the world in terms of ease of starting a business. In 2015, the world bank (arm of the united nations) judged canada as the second best country in which to establish a small business. Private sector the part of the economy that is run by private individuals, usually with the aim of making a profit. 80% of working canadians are employed in private sector: 15% of total working population are self-employed. Most often, businesses are categorized according to the number of employees: small business with fewer than 100 employees, medium sized 100-499 employees, large > 500.