Liam lives in Canada and wants to start a business of his own. What is MOST LIKELY
true of his efforts?
A. It will be relatively easy for Liam to start a business.
B. The government will not allow Liam to start a business.
C. Liam must work for the government in order to start a business.
D. Residents of Liam’s city must vote on whether he can start a business
Answer:
a. It will be relatively easy for Liam to start a business.
Step-by-step explanation:
Canada is run with a mixed economy system. It allows private sectors to freely opened up a business and compete in the free market. But, they those private sectors need to follow a regulation from the government and pay their tax accordingly in order to be allocated to fund government's programs.
So, Opening up new businesses In Canada tend to be relatively easy as long as they did not violate any of the regulation. All Canadian citizens need to do is to write their Business Plan, Register for goods and services tax (GST) and harmonized sales tax (HST), Purchase Additional Business Insurance to ensure workers' safety, and submit all of those to the government office. After checking each requirements, the office will give you with a license to run your businesses.