Changes that have helped Canadian business grow
Changing technology
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Over
the last 150 years, tech has changes at a rapid rate; during the 1800s uses for
electricity were discovered.
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During
1900s, new techs gave us refrigeration, airplanes, plastic, atomic energy,
computers…
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Recent
changes have been so great that the phenomenon is called “Technological
revolution”.
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Information
gives companies a competitive edge. New devices allow fast access so that
business can operate efficiently and quickly. “Information age”.
Increased
globalization (Doing
business internationally)
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International
trade has been around since the 1600s
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Sent
fish to Europe
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Canada
do business with many countries
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Many
foreign business operate in Canada
Growth of small business
Small business: a business that is
independently operated, not dominant in its field, and meets certain size
limits in terms of employees and annual sales.
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Fewer
than 50 employees
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Increased
in home-based small business
Growth of the service sector
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More
small business are offering services
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People
have more money and less time
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Aging
population requires more services
Growing concern for the environment
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Canadian
business are required to follow certain rules and regulations
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Provide
business opportunities
Growing ethics and social responsability
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Ethics: standards of conduct that society
believes people should follow
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Social responsibility: the duty to
care for others whose action can by affected in a damaging way.
