Canadian businesses and citizens have a lot of economic freedom because the government has a ________________ role in the economy. (1 point) Responses
substantial substantial
unlimited unlimited
limited limited
controlling
limited
Canadian businesses and citizens have a lot of economic freedom because the government has a limited role in the economy.
Canadian businesses and citizens have a lot of economic freedom because the government has a limited role in the economy.
To determine this, you can start by researching the economic system and government structure of Canada. In Canada, the economic system is primarily a market-oriented one, which means that decisions regarding production, distribution, and pricing of goods and services are mainly determined by the interaction of supply and demand in the market.
Within this economic system, the government's role is limited, meaning that it does not have substantial control or unlimited power over the economy. Instead, the Canadian government intervenes in the economy to ensure fair competition, protect consumer rights, and maintain overall economic stability. This limited role ensures that businesses and citizens have the freedom to make their own economic decisions and engage in voluntary transactions.
By understanding the principles of a market-oriented economic system and the role of the government in Canada, you can conclude that Canadian businesses and citizens enjoy economic freedom due to the government's limited role in the economy.