Canadian businesses and citizens have a lot of economic freedom because the government has a ________________ role in the economy. (1 point)
substantial
substantial
unlimited
limited
controlling
limited
The correct answer is "limited."
Canadian businesses and citizens have a lot of economic freedom because the government has a limited role in the economy.
To arrive at this answer, we need to understand the concept of economic freedom and the role of government in the economy.
Economic freedom refers to the ability of individuals and businesses to make voluntary economic decisions without government interference. It includes rights such as private property ownership, free trade, and the ability to enter into contracts freely.
The government's role in the economy can vary from country to country. In some cases, the government plays a substantial or controlling role by heavily regulating or owning industries, setting prices, and controlling the allocation of resources. In this scenario, businesses and citizens would have less economic freedom.
However, in the case of Canada, the government has a limited role in the economy. This means that it does not heavily regulate or interfere with businesses and individuals' economic decisions. Instead, it focuses on maintaining a legal framework that promotes competition, protects property rights, and ensures the proper functioning of markets. This limited government intervention allows Canadian businesses and citizens to enjoy a higher level of economic freedom.
Therefore, the correct answer is "limited."