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

Question

Quizplus · Accepted Answer

The Canadian economy is best described as a mixed economic system, with a combination of free-market decision making as well as government intervention through taxes, regulations, and public ownership of certain industries such as healthcare and energy. It is not a command economy, traditional economy or primarily public ownership economy, and while it does have elements of free-market decision making, it is not primarily based on this.

When Discussing Types of Economic Systems the Canadian Economy Is