Please enable JavaScript.

Coggle requires JavaScript to display documents.

Role of government, (what is the role of health Canada?-Health Canada sets…

- - - - Why is it important?- it is important because environment and Climate Change Canada informs Canadians about protecting and conserving our natural heritage, and ensuring a clean, safe and sustainable environment for present and future generations.
        
        what's an example of environmental regulation on business?- An example would be forestry companies usually harvest trees from public or ‘crown’ land.
        After they clear the trees off the land they must pay to have the land re-planted with trees to ensure the sustainability of our forests.
    - - Example-De Beers Consolidated Mines once controlled a majority of the market for diamonds.
        They gained control by pricing out their competitors and once they had control they could control the price of diamonds.
        
        Why they're bad: -They cut out competition, if a company has a monopoly the can set the price to whatever they want, less incentive to create a better quality product (no competition)
        
        What is a monopoly?-A monopoly is when a company or group has complete control over the supply of a product or service
- - - - why are they important?-These labour laws are important because they protect employer and worker rights, they conduct work places inspections
      - Describe what labour laws are-labour laws are laws that protect workers and employer rights.
    - - what are some examples?-The CBC is one such example. It is completely government funded and creates 100% Canadian content.
      - What are crown corporations, and why do they exist?-Crown Corporations are usually created to fulfil a need that would not make any profit for a private company.
        Some crown corporations exist to promote Canadian culture and identity.
    - - what is price fixing? (example)-Price is when several similar companies agree to inflate the price of their goods or services to increase profits.
        An example of this would be if shell, esso, and petro-canada agreed to increase their fuel prices by the same amount to make more profit.
      - What act protects consumers from companies price-fixing?-It is enforced under the Competition Act which serves to promote competition and ensure the best prices for consumers.
    - - government corruption and collusion?(examples)-
        It is against the law for government officials to use private information to gain profit, this is called insider-trading.
        Recently a group of US senators sold a significant part of their stock portfolio after a private briefing about the damage COVID-19 would do to the stock market.
      - waste and inefficiencies-Government employees are often well paid and have good job security. This can lead some to become lazy and inefficient at their job. That is why some people think all crown corporations should be privatized.