BU111 Chapter Notes - Chapter 4,5,6: Protection Mechanism, Cheque, Paradigm Shift
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BU111 Full Course Notes
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Competitor - competes businesses through crown corporations (hydro & Regulator - reasons: protecting competition - competition act - prohibits a variety of business practices that lessen competition protecting consumers achieving social goals - promote the well-being of canadian society protecting the environment. Progressive revenue taxes - are levied at a higher on higher income taxpayers and lower rate on lower-income taxpayers. Regressive revenue taxes - (eg sales tax) - are levied at the same rate regardless of person"s income. Restrictive taxes (e. g taxes on alcohol, gasoline, tobacco) are levied partially for the revenue they provide, but also because legislative bodies believe that the products in question should be controlled. Government as a provider of incentives and financial assistance. Government as a provider of essential services - highways, postal services, armed force. Provincial and municipal governments provide streets, sewage, and sanitation systems, police, educationetc. Business try to influence the government through the use of lobbyists.
