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)
- 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
- Imposes constraint to modify economic behaviour in the private sector
- Consumer protection
- Environmental Protection
- Nature of Competition
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