ADMS 1000 Lecture Notes - Lecture 9: Natural Monopoly, Canadian Business, Consumer Protection

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Len Karakowsky

Document Summary

Chapter 9 political forces: discuss the government"s role as a guardian of society and how this impacts its relationship to business, identify the purpose of crown corporations, collecting taxes from business, revenue taxes, restrictive/ regulatory taxes. : crown corporation: acting as business owners. Adms 1000 - chapter 9 political forces: incentives to encourage certain behaviors, e. g. r&d, encourage new employment opportunities to locate in underdeveloped regions/area. Assisting private business: bailouts, government assistance given to prevent an organization or industry from financial collapse whose failure would cause negative repercussions for the economy (including related industries, opponents to bailouts: If businesses are not doing well/ efficient, they should be allowed to fail. Governments are terrible at picking winners and losers. The cost to canadian tax payers is huge and will lead to a continued reliance on government bailouts. Other companies facing financial difficulties are going to need the same assistance.