The Canadian Economy Is Considered to Be a Mixed Economy

The Canadian economy is considered to be a mixed economy system. Consider how your life as a Canadian citizen would change if our economic system was an ideal capitalist type of system?

A) Under a laissez-faire system, citizens could compete freely to accumulate and maximize wealth, power and status with little government intervention.
B) In this economic system property is communally owned by all citizens and no social distinctions would be made on the basis of people's ability to earn and accumulate wealth.
C) In this informal economy, citizens would have the opportunity to trade services in order to accumulate wealth, while avoiding high taxes and strict government regulations.
D) The government would have ownership of all industries, and in making economic decisions on behalf of Canadians, would ensure all citizens were provided equally with necessary services such as health care, housing and education.