Quote: "a nominal GDP of approximately US$2.089 trillion."
This subfield studies the Canadian economy, including its industries, trade policies, and business practices.
Microeconomics: The study of how individual consumers, firms, and industries make economic decisions.
Macroeconomics: The study of how national economies function, including GDP, inflation, and unemployment.
International Trade: The study of how countries trade goods and services with each other.
Marketing: The study of how businesses promote and sell products or services to consumers.
Consumer behavior: The study of how individuals make decisions about what to buy.
Financial Accounting: The recording, summarizing, and analyzing of financial transactions in a business.
Managerial Accounting: The use of financial information for decision-making within a business.
Corporate Finance: The management of a corporation’s financial resources, including investments, earnings, and expenses.
Taxation: The study of how taxes are levied and collected by governments to fund public services.
Business Strategy: The development of plans and actions that guide a company toward achieving its goals.
Entrepreneurship: The creation and management of a new business venture.
Business Law: The study of the legal framework that governs business activity.
Human Resource Management: The management of a company’s personnel, including hiring, training, and benefits.
Operations Management: The design, execution, and control of business processes that create goods and services.
Corporate Social Responsibility: The ethical and philanthropic responsibilities of corporations to society and the environment.
Economic Development: The promotion of growth and sustainable development in an economy.
Innovation and Technology: The use of technology to drive business innovation and growth.
Globalization: The trend toward increasing interconnectedness and interdependence among nations and their economies.
Business Ethics: The principles and standards that guide ethical behavior in business.
Canadian economy: The structure, performance, and challenges of the Canadian economy due to external and internal factors.
Macroeconomics: This is a branch of economics that deals with the overall behavior and performance of an economy, including topics such as inflation, unemployment, government policies, and trade.
Microeconomics: This is a branch of economics that deals with the behavior of individual consumers and firms, including topics such as supply and demand, market equilibrium, and pricing strategies.
Accounting: This is the process of recording, classifying, and summarizing financial transactions to prepare financial statements such as balance sheets, income statements, and cash flow statements.
Finance: This is the study of how individuals, businesses, and governments manage their money and wealth, including topics such as investments, financial markets, and financial decision-making.
Marketing: This is the process of identifying customer needs and wants and creating strategies to promote and sell products or services, including topics such as advertising, branding, and market research.
Operations Management: This is the study of how businesses manage their operations and processes to produce goods and services efficiently and effectively.
International Business: This is the study of how businesses operate in a global environment, including topics such as international trade, foreign investment, and cross-cultural management.
Entrepreneurship: This is the process of starting and managing new businesses, including topics such as business planning, funding, and innovation.
Human Resources Management: This is the study of how organizations manage their employees and create policies and procedures to recruit, train, and retain talent.
Organizational Behavior: This is the study of how individuals and groups behave within organizations and how organizational structures and cultures affect work behavior and performance.
Quote: "It is one of the world's largest trading nations, with a highly globalized economy."
Quote: "Canadian trade in goods and services reached $2.016 trillion."
Quote: "Canada had a trade deficit in goods of $22 billion and a trade deficit in services of $25 billion."
Quote: "approximately $391 billion originated from the United States."
Quote: "The Toronto Stock Exchange is the eleventh-largest stock exchange in the world by market capitalization."
Quote: "the Canadian economy is dominated by the service industry, which employs about three-quarters of the country's workforce."
Quote: "the forestry and petroleum industries are the most prominent components."
Quote: "Canada's economic integration with the United States has increased significantly since World War II."
Quote: "concerns over energy self-sufficiency and foreign ownership in the manufacturing sectors prompted the federal government to enact the National Energy Program (NEP) and the Foreign Investment Review Agency (FIRA)."
Quote: "The Canada – United States Free Trade Agreement (FTA) of 1988."
Quote: "As of 2023, Canada is a signatory to 15 free trade agreements with 51 different countries."
Quote: "Alberta hosts the fourth-largest oil reserves in the world" and "Canada is one of the few developed nations that are net exporters of energy."
Quote: "Canada has 13 percent of global oil reserves, constituting the world's third or fourth-largest."
Quote: "the Canadian Prairies are one of the most important global producers of wheat, canola, and other grains."
Quote: "southern Ontario and Quebec have a sizeable manufacturing sector."
Quote: "automobiles and aeronautics representing particularly important industries."
Quote: "The fishing industry is also a key contributor to the economy."
Quote: "Canada ranks low in the Corruption Perceptions Index (14th in 2023)."
Quote: "Canada's average household disposable income per capita is 'well above' the OECD average."