Canada's mixed economic system is 78% what? (1 point)
command traditional free market mixed
The correct answer is mixed.
Canada's mixed economic system is 78% free market.
To determine what makes up the remaining 78% of Canada's mixed economic system, we need to understand the various components of a mixed economy and their distribution in Canada. Let's break it down:
1. Command Economy: In a command economy, the government controls the majority of economic activities. However, Canada is not predominantly a command economy.
2. Traditional Economy: A traditional economy relies on customs, traditions, and cultural norms to guide economic decisions. While there are some elements of traditional economy in certain sectors like Indigenous communities, it does not make up a significant portion of Canada's overall economic system.
3. Free Market Economy: In a free market economy, economic decisions are primarily determined by the forces of supply and demand. Canada has a strong free market system, but it does not make up the entire 78% mentioned.
Given the above options, it seems that the answer is "mixed." Canada's mixed economic system signifies that it combines elements of various economic systems, such as command, traditional, and free market economies, to form its overall economic structure. Therefore, the remaining 78% represents a combination of these factors, with a significant emphasis on the free market system.