BSM 100 Chapter Notes - Chapter 3: Open Market Operation, Monetary Policy, Balanced Budget
24 Nov 2017
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*crisis in one country affects the other bc exports will go down for other country, manufacturing declines, jobs decline, prices go down, less money in economy, gdp goes down. Us $ falling = cad $ more expensive = worldwide trade of canada decreases bc more expensive. Currency fluctuations in world = instability, pessimism, no action. Productivity/more investment = decreasing = social services decrease = more issues in society. One industry, what"s going on in specific industry/sector. *don"t know what"s going on in m. e then you can"t operate successfully as a business. Sustained/stable economic growth in competitive environment allowing free choice. Fiscal (gov, long term, not changed quickly): taxation, spending decisions, influence economy, encourage growth, boost employment and curb inflation. Revenues: taxes, fines, crown corp, transfers from govt, interest from investments. Expenses: public services (health + education), infrastructure (ttc, roads, universities/research. R > e = surplus budget (pros: pay off debt, decrease taxes, invest into infrastructure.
