ipl-logo

Lco Case Study

879 Words4 Pages

What is Economics? Economics is the science regarding the production, distribution, and use of goods, services, resources and wealth. A large part of our economy comes from the influence and decision making of our government. The Canadian Government Established the LCBO to monitor and manage the sales and distribution of liquor across Ontario. The LCBO is a government-owned company, being the only retailer of liquor in Ontario. Therefore the government holds a monopoly affect over liquor sales across Ontario. There has been much debate over whether or not the LCBO should be privatized, or kept under the control of the government. Through given research and bias it may be preferable that the government privatizes the LCBO.
In 1927 the LCBO (Liquor Control Board of Ontario) was established by Lieutenant Governor William Donald Ross; opening 86 stores, three mail order departments and four warehouses to sell liquor, wine and beer. The government created this private company at the end of prohibition, the Liquor Control Act creating in the same year of 1927, authorized the government to control all sales, transportation, and delivery of alcoholic beverages in Ontario. The corporation upholds a social responsibility to monitor and restrain sales to minors, and to those …show more content…

Annually the LCBO turns over a $1.7 billion in profit; as well an additional $570 million is gained form taxes. With a monopoly control on liquor sales the government is guaranteed a steady revenue annually. According to the LCBO’s official website, it states with a $1.740 billion dividend transferred to the government, these revenues help contribute to healthcare, and education, in Ontario. However, these inclined liquor prices add onto the taxes already taken away by Ontarians for specifics benefits, therefore in the end the inclined prices overall take away more money from the hardworking people of

Show More
Related

  • Case Study: Lcda

    256 Words  | 2 Pages

    1. Runyan should exclude the value of the meals provided by at LCDA’s commissary because the commissary is at LCDA’s offices and it is convenient for LCDA to provide these meals because the employees will have to spend an unreasonable amount of time finding and eating meals by driving to Austin. 2. Runyan must include the reimbursements for groceries in gross income because they do not qualify as an exclusion. Also, he will only be able to deduct the reimbursements if he either “slept or rested away from home.” a. Because the facts do not state that he buys the groceries from LCDA and the groceries that he purchases are not for the convenience of his employer, the IRS would likely follow the decision in Tougher and determine that groceries

    Read More

  • Why Is Economics A Friend Or A Foe Of Ethics?

    967 Words  | 4 Pages

    The purpose of this essay is to argue whether "economics is a friend or a foe of ethics". A concept discussed by Norman Bowie, A.K Gavai and Milton Friedman. Before moving into further detail, what is economics and ethics all about? According to the dictionary, "economics is the science that deals with the production, distribution and consumption of goods and services or the material welfare of human kind." Whereas ethics are the "values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions".

    Read More

  • Was Al Capone An American Gangsters In The 1920s

    645 Words  | 3 Pages

    “When I sell liquor, it's called bootlegging; when my patrons serve it on Lake Shore Drive, it's called hospitality”(Capone). Prohibition was a national constitutional ban on the sale, production, importation, and transportation of alcoholic beverages in the United States. Prohibition costed the Federal Government approximately $11 billion in lost tax revenue, and costing over $300 billion to enforce the law. Alcohol being this expensive

    Read More

  • How Does Prohibition Affect The State Of Denver

    491 Words  | 2 Pages

    A great debate arises regarding the new law passed in June of 2016 of allowing Colorado supermarkets to sell full strength liquor. Colorado will benefit from liquor sales in supermarkets. Currently 3.2% beer is the only type of alcohol sold in supermarkets and with our population rising adding liquor sales to supermarkets will generate more job opportunities as well as a boost in economy.

    Read More

  • Prohibition In Canada Dbq Essay

    904 Words  | 4 Pages

    Prohibition was a provincial law that was established in Canada that thus forbids the manufacture,sale and consumption of alcohol. Prohibition failed because Canadians were not ready for a drought after the tough times of war. It was the social norm to kick back in the 20’s and have a drink after a long day of hard work. The war just ended, people are getting settled in back to their labour jobs and drinking with your friends is what these good hard working people did to relax.

    Read More

  • Alienated Labor Summary

    571 Words  | 3 Pages

    This text was very hard for me I didn’t understand it at first because I thought it meant something and then it repeated it in a different way and it confused me a little, however I think that overall I did understand it after I read it a second time. Study questions 1. Political economy is when economics are seen as a branch of knowledge or an academic principle. 2.

    Read More

  • Age Of Prohibition Dbq Essay

    1213 Words  | 5 Pages

    As if becoming the decade of the worst economic bust in history, usually referred to as the Great Depression, was not enough, the early 19th century also came to be known as the age of Prohibition. For many years prior to the 1920s, a growing number of people had feared the damage alcohol could do to America. After years of work by organizations such as the Anti-Saloon League, the Eighteenth Amendment was passed and prohibition started on January 16, 1919 and continued until December 5, 1933. Although it was formed to stop drinking completely, it ended up being a resounding failure. It created a large number of bootleggers who were able to supply the public with illegal alcohol.

    Read More

  • How Did Prohibition Affect The Great Gatsby

    785 Words  | 4 Pages

    The ban on the manufacture, sale, and transport of alcohol, in the United States, began with the ratification of the 18th Amendment in 1919 and was called The Prohibition. The ban lasted for 13 years and ended in 1933 with the passing of the 21 Amendment. Prohibition was inspired by earlier temperance movements by certain religious institutes. It was considered a test and failed horribly. Alcohol became even more prevalent especially in the upper class and it boosted economies of the Caribbean Islands.

    Read More

  • Prohibition Dbq

    769 Words  | 4 Pages

    Just think, no wine.no beer,no whiskey. This is prohibition. The leaders of the prohibition movement were alarmed at the drinking behavior of Americans. The law was ratified by the Federal and state government In January,1919.Prohibition in the United States was a measure designed to reduce drinking by eliminating the businesses that manufactured, distributed, and sold alcoholic beverages. The Eighteenth Amendment (prohibition law) to the United States Constitution took away license to do business from the brewers, distillers, vintners, and the wholesale and retail sellers of alcoholic beverages.

    Read More

  • How Did Prohibition Affect Canada

    1232 Words  | 5 Pages

    There are many different people in Canada, which means many different opinions, and many different lifestyles. When the laws passed are not viewed as being for the true benefit of Canadians, and are not accepted by the general populations, the laws fail to “regulate” behaviour and rather lead to disrespect for the law, disrespect for government, opportunities for illegal smuggling and profiteering, organized crime flourishing, and demoralizing of the public. The Government in modern times can also learn from the lesson of prohibition - always think through the consequences with great care and ensure that the law is not creating more

    Read More

  • How Did The Twenties Roar In Canada

    788 Words  | 4 Pages

    Therefore, banning it created peace and stopped men from wasting their money. This also benefited the health of many. In the mid 1920’s, prohibition was repealed and defeated. Instead of bringing back the laws, the Ontario government began selling alcohol through the LCBO .

    Read More

  • Why Has Loblaw's Strategy Been Successful?

    790 Words  | 4 Pages

    Loblaw effective use of the 4+2 strategy had made it the market leader. The excellent execution of its strategy has allowed the company to be a differentiator among other Canadian grocers (especially with its President’s choice brand) and capturing about 32% of the Canadian grocery market shares. See Loblaw’s SWOT analysis below. Table 1.

    Read More

  • What Are The Causes Of Prohibition In The Progressive Era

    1197 Words  | 5 Pages

    “Thus came prohibition to the United States. Middle-class Americans—striving to revitalize and preserve American democracy and to usher in a new era of humanity, achievement, and progress—turned to prohibition as one device to achieve their goals.” (Callow) The Prohibition was a time where in the United States the sale and consumption of alcohol was illegal from 1920-1933. It was the 18th amendment which prohibited alcohol in the United States and it states, “The manufacture, sale, or transportation of intoxicating liquors within, the importation thereof into, or the exportation thereof from the United States and all territory subject to the jurisdiction thereof for beverage purposes is hereby prohibited.”

    Read More

  • 18th Amendment Cause And Effect Essay

    803 Words  | 4 Pages

    As a nation coming out of a devastating war, United States was in the midst of making major social changes in laws and regulations; one of the most prominent examples of this was the 18th Amendment to the Constitution. The 18th Amendment, prohibition of the manufacture, sale and transport of alcohol, was established during the Roaring Twenties when United States went through a decade full of industrial, economical, and social growth. Originally, President Woodrow Wilson instituted a temporary wartime prohibition to save grain for producing move, but at the same year Congress decided to submit the 18th Amendment. In January 16, 1920, the National Prohibition Act went into effect. Although religious groups, politicians and social organisations advocated the idea of prohibition to reduce crime rate, solve social problems and improve public health, it did not lower the crime rate, it became a major source of corruption, and effected the US economy in a way that it was just a waste of money and time.

    Read More

  • Advantages And Disadvantages Of Government Intervention

    1195 Words  | 5 Pages

    1) Government may intervene in a market in order to try and restore economic efficiency. One of the ways the government intervention can help overcome market failure is through the introduction of a price floors and price ceilings. If prices are seen to be too high, price ceiling or a maximum price could be imposed on a market in order to moderate the price of the product. This policy is often used when there are concerns that consumers cannot afford an essential product, such as groceries. The effect of a maximum price could create a shortage as it could lead to demand exceeding supply for that particular good.

    Read More

More about Lco Case Study

Open Document