What is the term used to describe the economy of Canada, which exhibits elements of both capitalism and socialism?

Question

Quizplus · Accepted Answer

The term used to describe the economy of Canada is mixed, as it includes elements of both capitalism (free market economy) and socialism (government intervention and regulation). This means that while individuals and businesses are free to make their own economic decisions, the government also provides services and safety nets for citizens, such as healthcare and social assistance programs.

What Is the Term Used to Describe the Economy of Canada