MGM102H5 Chapter Notes - Chapter 8: Consumer Protection, Labour Law, Property Law
Document Summary
Chapter 8 notes role of government in business. Crown corporations: sometimes compete with for-profit businesses. Laws and regulations: cover wide range, from taxation and consumer protection to environmental controls, working conditions , and labour-management relations. Taxation and financial policies: to achieve certain goals or to give effect to certain policies, called fiscal policy. Government expenditures: provide income to millions of canadians, income spent on goods from which businesses benefit, consists of tax reductions, grants, loans, and loan guarantees. Purchasing policies: large purchasers of ordinary supplies, services, and materials to operate the country. Include vast array of direct and indirect activities: help companies go international, bring companies to canada, training and retaining workforce. National policy; government directive that placed high tariffs on imports from usa to protect. Provided services that were not being provided by businesses. Crown corporations; company that is owned by federal/provincial government. Were created to bail out major industry in trouble. Privatization; process of governments selling crown corps.
