Answer:
Canada’s economy is like a free market economy in the following ways:
- Canada is one of the world's richest countries.
- The Canadian economy has historically been based around trading natural resources, but is now dominated by the "service" sector.
- As with other developed nations, the country's economy is dominated by the service industry which employs about three quarters of Canadians.
- The government helps the market in many ways such as health care, environmental care, education, etc.
Canada’s market is like a command economy in the following ways:
- Extreme Tax rates
- Lowered income for healthcare workers
- Aspects of its economy show where private sectors, such as corporations and consumers, determine prices
- It does have “free enterprise”, which is competition between businesses.
