Political Factor

4 important questions on Political Factor

The Canadian Business Enterprises determines what and how?

(It's distributed by services and society)

  • What goods and services are produced
  • How they are produced / distributed

What are the responsibilities of the Government as a Guardian of Society?

  • Collecting tax from businesses
  • Act as business owners
  • Regulate business sector
  • Safeguard Canadian interest

What must a Crown Corporation do?

  • Business Owner Role - Crown Corporation:
    • Federal (Canada post)
    • Provincial (The LCBO)

  • Implement public policy
  • Protects important industries
  • Protect and provide services
  • Naturalize natural monopolies
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Name the three responsibilities of government regulation:

  • Government Regulation:
    • Imposes constraint to modify economic behaviour in the private sector

  • Consumer protection
  • Environmental Protection
  • Nature of Competition

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