MGTA05H3 Chapter 7: Detailed Notes from the text
12
MGTA05H3 Full Course Notes
Verified Note
12 documents
Document Summary
Canada"s most small business owners and businesses greatly contribute towards. Canada"s prosperity and gdp, by producing jobs, goods and services. Canada has a liberal market -based economic system, and has around 2. 9 million of them. Canada has a mixed economy, that allows entrepreneurs to start their own businesses and make economic decisions. No fees, few regulations, no government permission required: free enterprise: an expression used to indicate that individuals have the freedom to start and run businesses without bureaucracy or undue regulation. There is one regulation that all businesses must follow: if you make enough income(profit), you must pay taxes. All individuals who earn more than 11,600 must pay taxes. Most canadians have a willingness to take risks of business ownership in return for rewards. Most canadian businesses are small , it is hard to define what is small . There is no general definition of a small businesses.
