Transcription of Business 101 Notes Chapter 1 – Understanding the …
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Business 101 Notes Chapter 1 – Understanding the …
1 Business 101 Notes Chapter 1 understanding the canadian business system Don Wagner, July 28, 2008 Free Enterprise - In most countries, anybody can set up a new Business . In Canada the freedom to do so is quite extensive. In fact, many students have already engaged in free enterprise. Have you? For example, have you mowed grass for neighbours, or participated in a Junior Achievement enterprise? - Even in communist countries a certain degree of free enterprise may be permitted. Over half of China s GDP1 is now produced by the private Some countries, however, suffer from much greater restrictions. An example is Cuba, where almost all Business is conducted by government-owned enterprises and the government has little tolerance of free enterprise. In 2005 Fidel Castro closed down 2,000 street vendors of sandwiches, pizzas and the like, so that a government enterprise could control the sale of those - In non-communist countries, almost anybody can set up almost any kind of Business .
1 Business 101 Notes Chapter 1 – Understanding the Canadian Business System Don Wagner, July 28, 2008 Free Enterprise - In most countries, anybody can set up a new business.
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