A modern economy like Canada's is largely organized by
A)benevolent individuals pursuing the public interest.
B)individuals following their own self interest, doing what seems best for themselves.
C)individuals forming cooperative enterprises and labour unions.
D)the self- interested behaviour of a small number of individuals.
E)governments at all levels coordinating the activities of firms and citizens.

Question

Quizplus · Accepted Answer

The market economy in Canada is largely based on individual self-interest. Individuals strive to maximize their own profits and satisfaction, and this ultimately drives economic activity and growth. While some government intervention regulates this activity to protect the public good, the overall organization of the economy is driven by individuals acting in their own interests.

A Modern Economy Like Canada's Is Largely Organized by