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The US on the other hand, has about a ten times larger population, and therefore, a much larger market and demand are in place for larger multinational companies to build. As a result of the lack of sufficient domestic demand in Canada, only a small number of larger firms are developed in each industry. Furthermore, Canadian firms seldom treat research and development as a priority. Unlike in the US, innovation is not a corporate culture in Canada. This can be partly due to the lack of intense domestic competition, causing firms to spend resources on other areas instead of R&D because there is no real urge to innovate and maintain competitiveness...
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Common topics in this essay:
- Canada in the Global Economy
- Canada's Economy In 1996
- Canadian Economy
- China’s Growing Economy—Helped or Hindered U.S. Economy
- Command Economy Vs Free Market Economy
- Global Economy
- How has the level of employment/unemployment and national minimum wage legislation impacted on the economy as a whole and how will this effect the economy in the years to come?
- NAFTA and the Canadian Economy
- Reasons why people believe that the market system is the best method of allocating resources in an economy.
- The Canadian Economy- Smith or Marx Theory?
- The Chinese economy and hte effects it will have on the Canadian economy
- The Global Economy
- Command Economy Vs Free Market Economy
- How The Canadian Economy Is De
- Global Economy
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