Lecture 9 Government, Business & Society

Lecture 9 Government, Business & Society - Session9...

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1 Ch 8: Karakowsky Toronto Star Article on   Foreign Takeovers - Case: The Reel World  Karakowsky, p. 337 Session 9 What role does government play in the  business sector? How has that role been  changing and why?
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2 THE CANADIAN BUSINESS ENTERPRISE  SYSTEM All societies have an economic system to  determine: What  how  they are  produced/distributed. The Canadian economy is a mixed system:  Essentially  capitalist  but with a strong  government  influence. 
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3 GOVERNMENT INFLUENCE IN CANADA Taxation Crown Corporations Regulation Bailouts and Subsidies Recent Trends Deregulation Privatization
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4 GOVERNMENT AS GUARDIAN OF SOCIETY   - TAXATION Collection of  revenue taxes  (individual,  corporation, sales, property) Collection of  restrictive/ regulatory  taxes   e.g. on Tobacco, Alcohol etc
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BUSINESS OWNER – CROWN CORPORATIONS CCs ‘natural monopolies’, e.g. Hydro, Gas… enterprise might not wish to pursue (Canada Post) CCs allow for more government control (OLG, LCBO) interests, e.g. Air Canada. CC’s protect vital industries, 
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This note was uploaded on 09/28/2011 for the course ADMS 1000 taught by Professor Sumwaru during the Fall '09 term at York University.

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Lecture 9 Government, Business & Society - Session9...

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