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Mind map - Coggle Diagram

- - - - Example of a monopoly
        
        An example of a monopoly is Microsoft's control of the computer operating system market.
      - Monopolies are bad because they can lead to higher prices, lower-quality products, and reduced innovation.
- - - - Role of CSA
        
        Product Recalls
        
        Product recalls are also important in ensuring the safety of consumers as they allow companies to recall unsafe products.
        
        CSA is a standards organization that develops and maintains safety standards for a wide range of products.
- - - - An example of an environmental regulation on businesses is the Carbon Tax, which is a tax on carbon emissions that businesses must pay based on the amount of carbon they emit.
- - - - For example, labour laws can ensure that employees are paid a fair wage, are not discriminated against, and have safe working conditions.
- - - - Some examples include the Canadian Broadcasting Corporation (CBC), Canada Post, and the Canadian National Railway (CN).
- - - - The Competition Act protects consumers from companies' price-fixing by making it illegal.
- - - - Drawbacks of government involvement in the economy include government corruption and collusion, as seen in various political scandals throughout history.