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
E) a command economy with some government control

Question

Quizplus · Accepted Answer

Canada has a predominantly market economy, where the forces of supply and demand determine the prices of goods and services. However, the government plays a significant role in regulating certain industries and implementing policies to support economic growth and stability, such as through taxation and spending, trade agreements, and monetary policy. Therefore, Canada's economy can be described as a market economy with some government control.

Canada's Economy Is Best Described as __________