Summary: The Canadian Economic Environment

MGMT8340 Group Assignment-2

Topic: The Canadian Economic Environment and how it affects business.

Group Name: TYCOONS

Project Name: Mom’s Magic (Takeaway Restaurant)

Law of Supply and Demand and Private Sector Rights

We are implementing our project to make supply and demand in an equilibrium price. As we are providing healthy, nutritious and tasty food, we expect a huge demand in our product that will increase the supply in return and would generate success.

All workers have a basic right in workplace like right to privacy, good compensation, freedom from discrimination. As a startup business, we will follow all the private sector rights to make our venture strike in the market.

Foreign Direct Investment and Government Involvement

Our project

is a small-scale venture so initially there isn’t a need of foreign Investment. But later on, after seeing the success of our business if we want to expand it on larger scale, we will opt for foreign investments. There are numerous services that are offered by Ontario Government like Innovation Superclusters Initiative, to grow the economy of the country.

Pillars of Economic Growth and Economic Growth Cycle
All the raw materials for our restaurant are purchased within the country that would mark a boost in the economic growth.
From our business, we will create employment opportunities that support the country’s economy.

Bank Of Canada and Monetary Policy
Bank of Canada’s monetary policy have an integral role in countries economy. Banks interest rates mainly affects small business ventures like us. The rate changes have an impact on small business because we have only limited sources of cash.
Competitive Models and Managing Movement in the Canadian Economy
As our business is based on food sector we are dependent on natural resources and its tremendous demand can affect our business growth.
Canadian Chartered Banks and Trends Impacting Canadian Economy
Financial aid is expected from the Canadian Chartered Banks for the initial investments for the project.
Green initiative have a great impact in the Canadian market and our policy is also aligned with that by providing organic food to the customers.