What economy does Canada have?

Answer 1

Canada has a mixed economy. It can also sometimes be called a consumer-based economy, or a demand economy. This means that goods and services are produced based on demand: what consumers are willing to buy and the prices we are willing to pay. A demand economy is a capitalist system in which government does not intervene.

Answer 2

Yes. A market economy is one in which owners of capital are free to produce whatever quantities of any goods and services for which they believe there is a market. They are then free to sell their goods and services at whatever price the market will provide, without government interference.

Of course, a 'pure' market economy does not exist. Governments will always interfere when they believe the market is not working efficiently, resulting perhaps in excessive prices being charged or limited resources being allocated inappropriately.

Within the constraints of responsible government, Canada is a market economy.

Another Answer

No, Canada has a mixed economic system. It has some principles of a market economy, and some of a command (planned) economy.

Another Answer (Supplement)

NO, Canada has a mixed economic system, because governments helps the market in some way, in order to maintain the economy of Canada.

Answer 3

The daily lives of the society are influenced by the Market economy. Consumers and their buying decisions drive the economy. The role of the government within a market economy is to make sure that the market is stable enough to carry out its economic activities properly. When a community of people all work together and do their part, the society will survive. For instance, when consumers are purchasing vehicles from foreign countries, the Canadian businesses drop in the economy. When there are not enough jobs to employ the population then unemployment rises and less people are buying things and businesses go out which then just causes more unemployment. The economy also creates a constant competition between businesses.

basically it is a market for the most part

Answer 4

Canada has a mixed economy. A mixed economy is that where the production is determined by supply and demand. In command economies, the government decides what everybody produces and sells.

Answer 5

Most nations have some combination of capitalism and socialism. In some ways, Canada is more socialistic than the United States.

Answer 6

Canada is capitalist: wages system; production for profit; class divide. Socialism means no money or classes.

Answer 7

A mixed market economy.

Answer 8

Canada is leaning towards a pure command economy.