COMMERCE 1E03 Lecture Notes - Lecture 6: Mixed Economy, Canadian Business, Money Supply
6 Feb 2018
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Commerce 1e03 lecture 6 notes- chapter 4: the role of government in business. National policy: government directive that placed high tariffs on imports from the. United states to protect canadian manufacturing, which had higher costs. Privatization: the process of governments selling crown corporations. Deregulation: government withdrawal of certain laws and regulations that seem to hinder competition. Marketing boards: organizations that control the supply or pricing of certain agricultural products in canada. Fiscal policy: the federal go(cid:448)er(cid:374)(cid:373)e(cid:374)t(cid:859)s effort to keep the e(cid:272)o(cid:374)o(cid:373)(cid:455) sta(cid:271)le (cid:271)(cid:455) i(cid:374)(cid:272)reasi(cid:374)g or decreasing taxes or government spending. Deficit: occurs when a government spends over and above the amount it gathers in taxes for a specific period of time. (namely, a fiscal year) National debt (federal debt): the accumulation of government surplus and deficits over time. Surplus: an excess of revenues over expenditures. Monetary policy: the management of the money supply and interest rates. Transfer payments: direct payments from the governments to other governments or to individuals.
