Please enable JavaScript.
Coggle requires JavaScript to display documents.
Government Roles in the Economy, A Monopoly is where brand or company owns…
-
A Monopoly is where brand or company owns all its competition, setting the price or products and abusing their monopoly.
The problem with a monopoly is that they are able to set prices to very high ones. They also hurt competitive scenes. :
An example of a Monopoly may be Luxxotica, a frames and glasses brand that basically owns all its competition. Making it so if other brands are not following what they like they can remove them from their stores making their competition go bankrupt, and buying it out after.
The purpose of Product Recalls is to recall a product that may not be working properly, or that have an issue in them that may result in a law suit against the company or brand. An example would be a car company recalling a specific car because the gas peddle gets stuck under the carpet sometimes.
The Canadian Standards Association's develops standards for areas in Canada. (Mostly for companies.) They also assist brands in that kind of area of work.
Health Canada is in charge of insuring that Canadians stay healthy by promoting information about health, providing health services, and reduce the risks.
Without regulations or laws that regulated what brands, and company's could do with the land around them companys would make choices without thinking about the impacts of there actions. Simply building a new lot for a company can effect wildlife, the land around it, and the ecosystem.
Foresty Companies are one of the main targets to these regulations. There is a regulation making it so they must pay to replant the area that they have chopped down, to try and keep sustainability in our environment
Labour Laws are laws and regulations to help prevent the abuse of workers during labour. Making it so there is a limit on how long someone can continuously work for, holidays, pay (like minimum wage), and other factors.
These laws are important because most brands and companys care more about profit and money more then properly treating employees. If these standards were not in place these people would most likely be abused and be forced to work insanely for low pay.
Crown Corporations are basically company's or brands that are owned by the state or by Canada itself. They may provide services to the public that are needed. TDLR They are basically companies that are more connected to Canada itself or the province/state it works in.
An example is VIA railways, which is a public service that transports Canadians by train. Or the widely known CBC news, or Canada Post.
Price fixing is where two company's that may be large in their field come to an agreement to set a price of a service, or product. A example of this is gas company's, where two brands may agree to heighten the price of gas at there stations. Price fixing related to monopoly's.
-
Although most governments try there best to assist the public but sometimes corruption and collusion takes place .An example may be where a large corporation is secretly paying the government to let them violate labour laws. Or a group of people running a trade are paying the government to make it so the police dont interrupt in there duties.
Sometimes programs started by the government may be started but turn out to loose the government profit or these programs dont help the citizens effectively. Or governments may spend money on things that are not needed.
-