Exploring Canada's Economic System: The Role of a Mixed Economy

This essay examines the economic system of Canada, arguing that a mixed economic model is the most suitable approach for the country's governance. Canada's economy is characterized as a highly developed market structure, ranking 16th in terms of GDP measured by PPP. The coexistence of public and private sectors shapes the consumer goods industry, agriculture, and small-scale industries. The mixed economic pattern allows for freedom of occupational choice, though consumers compete for liberty amid price regulations. Private property plays a significant role, and the government intervenes to ensure rapid and uninterrupted economic growth. The essay references studies on wage earners in Arctic mixed economies and the economic integration of refugees in Canada, highlighting the complexities and nuances of Canada's economic landscape. Desklib offers students access to this document and many other solved assignments.

Running Head:THE ECONOMIC SYSTEM OF CANADA
The Economic system of Canada
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1THE ECONOMIC SYSTEM OF CANADA
The most appropriate economy for the Canadian system of governance is the mixed
economic pattern. The economy of Canada follows a highly developed market structure of the
Canada. The country has ranked the 16th in terms of the largest GDP that is measured in PPP in
the economy. The coexistence of the different public and the private sectors will set the new
form of the consumer goods industry, and the sectors of the agriculture and the small scale
industries that are developed in the modern era of the Canadian economy. The mixed economic
pattern will be characterized by the various freedom of choices of the occupation of the
population although the different consumers will compete for the liberty levels at the time of the
regulation of the prices in the public interest level of the public distribution system (Ready and
Power 2018).
The mixed economic pattern will also be the most appropriate for the Canadian system of
governance where the private property will play the most significant role. The consideration of
the different levels of the wealth and the income should also be considered regarding the
economic system of Canada. The different level of the economic inequalities that prevail the
different measures of the Canadian government. The different means of production are in the
hands of the Canadian government. The mixed government structure will also try to interfere in
in the timely form of changes that will result in the rapid form of economic growth that will
remain at an uninterrupted level all across the Canadian economy (Wilkinson and Garcea 2017).

2THE ECONOMIC SYSTEM OF CANADA
References
Ready, E. and Power, E.A., 2018. Why wage earners hunt: food sharing, social structure, and
influence in an Arctic mixed economy. Current Anthropology, 59(1), pp.74-97.
Wilkinson, L. and Garcea, J., 2017. The economic integration of refugees in Canada: A mixed
record?. Washington, DC: Migration Policy Institute.