AFM131 Chapter Notes - Chapter 4: Mixed Economy, Industrial Policy, Canadian Business

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: Mohsin Bashir

Document Summary

4 the role of government in business: crown corporations, laws and regulations, taxation and financial policies, government expenditures, purchasing policies, and services are all activities that the canadian government engages in and affects business. National policy: government directive that placed high tariffs on imports from the united states to protect. Canadian manufacturing, which had higher costs: there was difficulty with trading across provinces in canada, so a rail-road system and a tariff on. U. s. goods was placed: canada also has an interventionist government that, through its works, tries to make a stable economy for businesses. Privatization: the process of governments selling crown corporations. Laws and regulations: the political parties in power can greatly affect the business environment, the power to make laws is based on the british north america act, 1867. In 1982, the bna act became part of the new constitution and was renamed the constitution.