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What is meant by the term 'Quebec Inc.'?

User Homer Xing
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Final answer:

Quebec Inc. refers to a period in Quebec's history when the provincial government actively promoted and supported the growth of Quebec-based businesses through policies like tax incentives and subsidies.

Step-by-step explanation:

Quebec Inc. refers to a period in Quebec's history when the provincial government actively promoted and supported the growth of Quebec-based businesses. This term is often associated with the economic nationalism that emerged in the 1960s and 1970s in Quebec. During this time, the government implemented policies to encourage the development of industries in Quebec, such as tax incentives, subsidies, and preferential treatment for Quebec-based companies. The goal was to foster economic independence and reduce dependence on outside businesses. One example of Quebec Inc. is the creation of Hydro-Québec, a government-owned utility company that developed hydroelectric resources in the province and played a major role in Quebec's economic growth.

User Tushar Vengurlekar
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