BAB100 Lecture Notes - Lecture 4: Canadian Dairy Commission, Mixed Economy, Unemployment Benefits
Document Summary
Government activities that a ect business may divided into seven categories: crown corporations. 2. laws and regulations the bank of canada. 4. taxation: government expenditures, purchasing policies, services mixed economy - economic system in w/c some allocation of resources is made by the market and some is made by the government. Led by the rst prime minister, sir john a. macdonald. Placed high tari s on imports from the us to protect canadian manufacturing, w/c had higher costs. The federal government began to grapple w/ the di cult question of building a costly rail line from the east coast to the west coast. Companies that are owned by the federal or provincial government. Privatization - whole process of selling publicly-owned corporations. Deregulation - the government withdraws certain laws and regulaions that seem to hinder competition. Laws (and resulting regulations) are created by politicians. Consequently, the political parties in power can greatly a ect the business environment.
