Canada's economy is best described as ________.
A)a command economy with no private sector control
B)a command economy with some private sector control
C)a market economy with no government control
D)a market economy with some government control

Question

Quizplus · Accepted Answer

Canada's economy is classified as a market economy with some government control. This means that the government allows for private individuals and businesses to make most economic decisions, but still has the ability to regulate certain aspects of the economy through laws and policies. For example, the government sets minimum wage rates and controls certain industries such as healthcare and telecommunications.

Canada's Economy Is Best Described as ________