Economy & Society April 2, 2014 A Corporation 1

Recap Types of Companies All companies have two things in common: - Corporation - Government Owned - Public Agency - Sole Proprietorship - Publicly Traded Companies All companies have two things in common: 1 – Somebody (or group of people) own them, therefore they are entitled to the profits. 2 – Owners ensure that the company is governed in accordance with their wishes; mainly to increase profits for the owners. 2

The Corporation General Impressions? What is a corporation? http://www.revenuquebec.ca/en/entreprise/demarrage/types/societe/default.aspx Types of corporations: Non Profit Charity For Profit Cooperative *See the Concordia Case Study Power Point Sideshow 3

Externalization Cost Externalization Financial Environmental Social (Labour, living standards, etc...) Psychological Redirecting Public Funding 4

Recap Labour as a Commodity = Sweat Shops!!! Labour Extraction Problem = The discrepancy between labour time and actual effort. Employers want more labour intensity. They want to maximize productivity and cut costs. Unity Labour Costs = Compensation ------------------- Productivity (intensity + efficiency) Labourers protect themselves via unions. 5