ECO100Y5 Lecture 1: THE CANADIAN ECONOMIC ENVIRONMENT
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ECO100Y5 Full Course Notes
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Document Summary
What enables some economies and nations to prosper, while others struggle: contributing factors for economic development that are in place within a particular economy, focuses on the economic model that governs overall activity. A core requirement to the stability and the growth of any economic system lies in its ability to service and promote both the current and future economic activity taking place. Canada: a mixed economic system like most fully developed economies, is considered to be a mixed economic system. The economy in simple terms: expenditures, saving, purchases made to support day-to-day economic activity that are deemed to be of value in meeting sustenance needs and in improving the overall quality of life. United states and canada) results in an increase in corporate revenue and profits and government tax revenue (increased tax revenue, gst revenue, provincial tax revenue, etc.
