MGM101H5 Lecture 7: Lec 7 (10/19)
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MGM101H5 Full Course Notes
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More resources to use to improve company. More market insight, able to remarket and improve on lacking parts of the company. Good indication to enter growing manufacturing market. Bank of canada: fundamental responsibility is to develop and manage the monetary policies and financial systems associated with canada"s economic activity. Manages inflation and currency supply, develops and manages financial systems and safeguards, provides fund management services to chartered banks. Interest rate adjustment is its primary weapon in controlling inflationary pressures in the short term. Chartered banks: a financial institution whose primary roles are to accept and safeguard monetary deposits from individuals and organizations, and to lend money out. Economic activity = expenditures + savings +investments + credit. Expenditures: spending money in any forms and injecting money into the economy that creates wealth. Supply and demand: if demand goes up, it drives up prices. If supply exceeds demand, it drives prices down. Some portion of income should be retained in savings.
