When discussing types of economic systems,the Canadian economy is best described as
A)primarily a public ownership economy.
B)primarily free-market decision making.
C)traditional.
D)a command economy.
E)a mixed economic system.

Question

Quizplus · Accepted Answer

The Canadian economy is best described as a mixed economic system. This is because it combines elements of both a free market economy (private ownership, competition, and profit-making) and a command economy (government intervention, regulation, and public ownership). While the private sector plays a significant role in the Canadian economy, the government also provides essential services and public goods such as healthcare, education, and infrastructure.

When Discussing Types of Economic Systems,the Canadian Economy Is Best