COMMERCE 1B03 Chapter Notes - Chapter 4: Consumer Protection
14 Oct 2018
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Document Summary
Canada was formed in 1867 and the federal government was given power to regulate trade and commerce. Special efforts were needed to unify canada once the western provinces joined confederation. Government activities that affect business can be divided into six categories: crown corporations : there are hundreds of such companies, and they play and important role in the economy. Laws and regulations these cover a wide range, from taxation and consumer protection to environmental controls, working conditions, and labour-management relations: taxation and financial policies : all levels of government collect taxes -- income taxes, the hst or. This is called fiscal policy: government expenditures : government pays out billions of dollars to canadians. When these recipients spends this money, businesses benefit. Provide a host of direct and indirect aid packages as incentives to achieve certain goals.
