ADMS 1010 Chapter Notes -Keystone Pipeline, Bank Regulation, Money Supply

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Keystone Pipeline
Alberta shipping oil in trains to the US b/c there are not enough pipes to transport it
Business different in every country
Whole mix of businesses, different industries are predominant
E.g. China: manufacturing, mining, India: IT, software and online services
Economic and political system: taxation, all these determine how business is done,
Different currency: exchange at different rates, measures of how healthy economies are
Different workers: e.g. lots of engineers in Germany, lots of textile workers in Bangladesh,
countries can invest money to change the balance of what type of workers they have (China
invested lots of moneyin engineers)
Raw materials: CAD has lots of them: oil, minerals, lumber, fur and fish
Trade relationships: some trade locally, some globally
Distinct abt CAD business
Lots of resources
High level of regulation
Low level of risks: Cdns buy more insurance than most other countries
Willing to take smaller rewards
We will learn how Cdn business shaped CAD
How political realities shaped business
How contemporary business is shaped by past
What is a firm/company
A business org’n, an association or collection of individuals and other compnies, provide some
form of capital, pool resources
Has a common purpose or focus and aim of gaining profits
Market
Way to facilitate exchange
Constructed socially, series of rules and order, expectations that have been contructed by real
ppl over time
Process by which the prices of goods and services are established
1 of many varieties of systems, institutions, procedures, social relations and infrastructures
where parties engage in exchange
Market gives info abt what things are worth
Colonial period,
Industry
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Document Summary

Alberta shipping oil in trains to the us b/c there are not enough pipes to transport it. Whole mix of businesses, different industries are predominant. China: manufacturing, mining, india: it, software and online services. Economic and political system: taxation, all these determine how business is done, Different currency: exchange at different rates, measures of how healthy economies are. Different workers: e. g. lots of engineers in germany, lots of textile workers in bangladesh, countries can invest money to change the balance of what type of workers they have (china invested lots of moneyin engineers) Raw materials: cad has lots of them: oil, minerals, lumber, fur and fish. Trade relationships: some trade locally, some globally. Low level of risks: cdns buy more insurance than most other countries. We will learn how cdn business shaped cad. A business org"n, an association or collection of individuals and other compnies, provide some form of capital, pool resources.

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