Describes Canada's economic system

Answer 1

Canada has a mixed economy that combines elements of both capitalism and government intervention. It features a strong emphasis on free markets, private ownership, and entrepreneurship, while also incorporating social welfare programs and regulations to address inequality and public needs. The country is rich in Natural Resources, particularly in sectors like oil, mining, and forestry, and has a significant services sector, including finance and technology. Canada's economic policies are designed to promote trade, innovation, and sustainable development while maintaining a high standard of living for its citizens.