Canada's mixed economic system is 78% what? (1 point)
Responses
mixed
mixed
traditional
traditional
command
command
free market
free market
The mixed economic system in Canada is categorized as 78% free market.
To determine what Canada's mixed economic system is 78% comprised of, we need to understand the components of a mixed economy. A mixed economy is characterized by the coexistence of both private and public ownership, as well as elements of both free market and government intervention.
To find the answer, we can look at the different sectors in Canada's economy and analyze their levels of private and public ownership. The three main sectors in an economy are the primary sector (involving natural resources and raw materials), the secondary sector (involving manufacturing and industry), and the tertiary sector (involving services).
Here are some possible steps to find the answer:
1. Research the primary sector in Canada: Look for sources that provide information about the ownership structure in industries such as agriculture, forestry, mining, and energy. Determine the extent of private and public ownership in each of these sectors.
2. Research the secondary sector in Canada: Look for sources that provide information about the ownership structure in manufacturing and industrial sectors. Find out the level of private and public ownership in industries such as manufacturing, construction, and utilities.
3. Research the tertiary sector in Canada: Look for sources that provide information about the ownership structure in the service sector. Determine the extent of private and public ownership in industries such as healthcare, education, finance, and tourism.
4. Analyze the findings: Based on the information gathered, calculate the percentage of private ownership versus public ownership in each sector. Once you have these percentages, you can determine the overall composition of Canada's mixed economy and identify the sector that makes up 78% of it.
Please note that the percentages may vary based on different sources and definitions used. It is important to consult reliable sources and multiple perspectives to get a comprehensive understanding of the topic.