MGTA01H3 Chapter Notes - Chapter 6-9，11: American Psychologist, Capitalism, Risk Aversion
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MGTA01H3 Full Course Notes
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Enterprise in canada: canada is a liberal, market economy which anyone may start almost any business. The number of business in canada is around 2,405,000 and most of them are small. Free enterprise: an expression used to indicate that individuals have the freedom to start and run business without bureaucracy and undue regulation. (no fees, few regulations, no government permission . Private sector: the part of the economy that is run by private individuals, usually with the aim of making a profit. There is no official definition for small business that different organizations or different government use different criteria as to what constitutes a small business. Sme: a commonly used acronym for small and medium-sized enterprises, meaning any business with fewer than 500 employees. The business environment in canada is dynamic, which means, it is subject to constant change. Businesses are born, businesses die, and other survive for another year.
