Question

Summarize the structure of the Canadian Economy. Is it a market, command, or mixed economy? Explain...


Summarize the structure of the Canadian Economy. Is it a market, command, or mixed economy? Explain how you know.

What is Canada’s largest industries?
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Summarize the structure of the Canadian Economy. Is it a market, command, or mixed economy? Explain how you know.

Canada's economy stucture is considered to be a market economy whereby the forces of demand and supply determine the production and prices in the economy.
Canada has the largest reserve of natural resources which demands for a large labor force. It has been characterised by large competition among privately owned businesses which is the driving factor of a market economy.It has been highly dominated by the private sectors. Also, another factor playing an important role in Canadian economy is its diversity in economic sphere from services to manufacture to agriculture.

What is Canada’s largest industries?

Largest industry- Service Sector industry.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
what is a free market system, command economy, tradition based and mixed economy in an organized...
what is a free market system, command economy, tradition based and mixed economy in an organized way. give examples as well
1. Define the characteristics of a market, command and mixed economies. Provide the name of one...
1. Define the characteristics of a market, command and mixed economies. Provide the name of one nation for each type of economy. Explain why you selected these examples. 2. Define the characteristics of capitalism, socialism and communism. Provide the name of one nation for each type of economy. Explain why you selected these examples. 3. Conduct an Internet search and locate the U.S. unemployment rate at the height of the Great Recession (2009) and at the present time. What is...
Please answer all in microsoft word 1.      Market Systems: Free-Market (capitalistic), Command (planned), Mixed economy, underground...
Please answer all in microsoft word 1.      Market Systems: Free-Market (capitalistic), Command (planned), Mixed economy, underground economy. Include the concept of property rights and market systems. US Constitution and Private Property Rights.
9. What is the difference between a market-capitalist economy and a command socialist economy? How do...
9. What is the difference between a market-capitalist economy and a command socialist economy? How do each of the systems in #9 differ from a command capitalist economy.
1.    Understand the difference between a command, laisse-faire, and market/mixed economy economic system. These systems differ based...
1.    Understand the difference between a command, laisse-faire, and market/mixed economy economic system. These systems differ based on 1) who ________ the factors of production and 2) what incentivizes, coordinates, and decides what products are created. In a command system, the ______________ decides on what and how much is produced. In a market system, the _____________ coordinates the decisions of multiple buyers and sellers. 2.    Define the law of supply. The law of supply states __________________________________. 3.    Understand how taxes and subsidies affect...
What phase of the business cycle is the Canadian and your provincial economy experiencing at the...
What phase of the business cycle is the Canadian and your provincial economy experiencing at the present time? Justify your answer. Which types of industries are hit hardest by a recession? Explain.
Explain how a monopsony market structure us affected by a price floor and what is the...
Explain how a monopsony market structure us affected by a price floor and what is the effect of the monopsony on the local economy?
Suppose the Canadian government decides it wants to use fiscal policy to increase output and employment....
Suppose the Canadian government decides it wants to use fiscal policy to increase output and employment. With the aid of diagrams, carefully explain whether and how an increase in government spending would shift the Aggregate Demand curve in a small open economy. a) with flexible exchange rates b) with fixed exchange rates. Suppose Canada is a small open economy initially in Long Run equilibrium. Then the rest of the world reduces its demand for Canadian-produced goods. Using the AD/AS framework...
What kind of market structure does Costco falls under? Explain why you picked that market structure.
What kind of market structure does Costco falls under? Explain why you picked that market structure.
Assume the following equations summarize the structure of an economy. C = Ca + 0.7(Y -...
Assume the following equations summarize the structure of an economy. C = Ca + 0.7(Y - T) Ca = 1,000 - 10r T = 100 + 0.15Y (M/P)d = 0.3Y - 20r MS/P = 3,000 Ip = 3,500 - 20r G = 3,000 NX = 2,000 - 0.4Y a. Calculate the equilibrium real output (Y) and (r ). b. Given the above information, compute the new equilibrium real output if government spending increases by 300. c. What is the amount...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT