Canada's mixed economic system is 78% what?
command
free market
mixed
traditional
It is not possible to determine what Canada's mixed economic system is 78% without additional information. The mixed economic system in Canada incorporates elements of both command and free market systems, as well as aspects of traditional economic systems
To determine what Canada's mixed economic system is 78% composed of, we must first understand the different components of a mixed economic system.
A mixed economic system combines elements of both a free market system and a traditional system.
A free market system, also known as capitalism, is characterized by private ownership of resources and businesses, competition, and minimal government intervention. In this system, prices of goods and services are determined by supply and demand, and individuals have the freedom to make economic choices.
On the other hand, a traditional system relies on customs, traditions, and practices that have been passed down through generations. In this system, economic decisions are usually based on cultural values and beliefs, with limited scope for individual choice or market-driven forces.
Now, we know that Canada's economic system is mixed. This means that it incorporates elements of both free market and traditional systems, along with some degree of government intervention and regulation.
To identify what Canada's mixed economic system is 78% composed of, we need to consider which component—free market, mixed, or traditional—is most prevalent in the country's economic structure.
Unfortunately, without further information or specific data regarding Canada's economic composition, it is not possible to determine precisely what the 78% signifies in this context. Additionally, economic statistics are dynamic and can vary over time. Therefore, it would be best to consult economic reports, studies, or official sources to obtain the most up-to-date and accurate information on Canada's economic system and its respective composition.