ARBUS101 Lecture Notes - Lecture 2: Money Supply, Canadian National Railway, Liquor Control Board Of Ontario
20 Oct 2016
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Document Summary
Difficult to enforce for spammers outside canada. High tariffs, encourage east to west trade. *companies owned by the federal or provincial government. Helps struggling industries, example: canadian national railway. A means to lower costs and improve efficiencies associated with the provision of these services. Privatization of the liquor control board of ontario (lcbo). Each level of government has their own unique set of responsibilities, (some shared responsibilities). Created by politicians who have been elected, (political parties in power can greatly affect the business environment). Deregulation: withdrawal of laws and regulations that hinder competition. Example: the government used to control where planes could land and fly but eventually by deregulating, it helped the market as now companies had more opportunities. Competition bureau: independent law enforcement agency that ensures a competitive and innovative marketplace. Making sure companies in canada are not fixing prices. Consumer protection law (i. e. food and drugs act) Companies or government primarily responsible for managing food inspection.
