Public and Private Sectors in Canada discussion

timer Asked: Feb 21st, 2019
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Question Description

1. Explain the major differences between the public and private sectors in Canada and discuss whether or government in Canada should run like a business. If yes, why? If no, why not?

2. Should federal and provincial governments in Canada be required by law to run annual balanced budgets? If yes, why? If no, why not?

Word Count: Minimum: 1,300 words; Maximum: 1,500 words

Provide documented evidence in the form of at least 8 third party citations, the quotations and bibliography are not counted as part of the word limit.

Tutor Answer

School: Cornell University

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Running head: ESSAY


Public and Private Sectors in Canada


Public and Private Sectors in Canada

Canada is a competitive market that encourages the growth of the private sector.
The private sector is an important partner in the country’s economy as it employs
thousands of Canadians. Canada has a vibrant private sector that occupies numerous
sectors of the economy with the government passing various favorable policies and
pieces of legislation to encourage private entities to invest in Canada. Over the years,
the private sector has grown in leaps and bounds; thus in the contemporary world, the
private sector does much more than its traditional roles. In this regard, the current
private sector not only in Canada but also across the world engages in the provision of
public amenities but for a cost. For instance, the private sector in Canada has heavily
invested in healthcare, education and even security sectors. On the other hand, the
government of Canada is constitutionally tasked with providing its citizens with public
amenities. To this end, the public sector is a conduit through which the government
fulfills its obligation to its citizens (Elbanna, Andrews & Pollanen, 2016). For that reason,
this academic research paper specifically focuses on the major differences between the
public and private sectors in Canada and whether the government should be run like a
Major Differences Between the Public and Private Sectors in Canada
Primarily, the private sector entails business enterprises that are owned,
managed, and controlled by individuals and other private entities. In a country, like
Canada, where the government has embraced capitalism, the economy is structured in
a manner that encourages privatization; hence individuals are encouraged to acquire
property and own businesses. However, it is important to appreciate the fact that the
government may own a minority stake in a private enterprise as any other investor. A
private company only ceases to be such when the government acquires a controlling
stake in the said company. On the other hand, the public sector in Canada comprises of
business enterprises that are owned, controlled and managed by the government. The
employees employed in the public sector are civil servants, and the government

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