ADMS 1000 Chapter : Week 9 - The Political Context.docx
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ADMS 1000 Full Course Notes
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Government influence in canada: the canadian economy is a mixed market system: essentially capitalist but with a strong government influence in various sectors of the economy and nearly complete control of the health care and education sectors. Collection of restrictive/ regulatory taxes (excise & customs duties/tariffs) e. g. on tobacco, alcohol etc. Collection of revenue taxes (individual, corporation, sales, property: crown corporations. Provide services that private enterprise would not otherwise pursue (canada. Implement public policy & safeguard national interests, e. g. cmhc, bank of. Imposes constraint to modify economic behaviour in the private sector, e. g. energy, health & safety. Imperfect competition intervention ensures appropriate provision of goods. Public interest protects consumers through regulation, limitations imposed on business (e. g. foreign ownership, advertising, pricing etc: bailouts and subsidies, government as guardian of private business/enterprise global issues. October 29, 2013: foreign ownership rules, arguments for: Head offices in canada will ensure that jobs, r&d, spending on suppliers and related services: arguments for: