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government involvement - Coggle Diagram
government involvement
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Prevent price fixing
Price fixing occurs 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.
Price fixing prevention is enforced under the Competition Act which serves to promote competition and ensure the best prices for consumers.
Environmental Protection
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environmental Protection is important because If the environment is severely damaged, air quality decreases, water sources are polluted, and soil is barren, then our survival will face serious threats.
Crown Corparations
Crown corporations are wholly owned federal or provincial organizations that are structured like private or independent businesses.
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