MGTA01H3 Chapter Notes - Chapter 6: Canadian Bankers Association, Global Competitiveness Report, World Economic Forum

• School: UTSC
• Department: Management
• Course: MGTA01H3
• Professor: Chris Bovaird

Document Summary

A(cid:374)(cid:455)o(cid:374)e i(cid:374) ca(cid:374)ada"s (cid:373)i(cid:454)ed (cid:373)arket s(cid:455)ste(cid:373) (cid:272)a(cid:374) start a (cid:271)usi(cid:374)ess most are simple, small businesses. Do(cid:374)"t (cid:374)eed to ope(cid:374) spe(cid:272)ial (cid:271)a(cid:374)k a(cid:272)(cid:272)ou(cid:374)ts to start (cid:271)usi(cid:374)ess, or (cid:374)eed or go(cid:448). per(cid:373)issio(cid:374), or e(cid:448)e(cid:374) inform gov. Free enterprise: an expression used to indicate that individuals have the freedom to start and run businesses without bureaucracy and undue regulation. Only one interaction w/ gov that must be done pay taxes (if enough income) Pay taxes if income is more than ,500. Large businesses must pay taxes relating to their employees this tax helps estimate how many businesses there are in canada about 2. 7m in canada 204,000 more than previous year, 500 p/day. Since 1979, world economic forum (based in switzerland), publishes global competitiveness. Report: annual surey measuring institutions, policies and facts that provide countries w/ economic prosperity canada ranked first in 2014-2015. World bank (form the un) ranks canada as 2nd.