Most business enterprises in Canada are privately owned, but the federal government owns a number of major enterprises (e.g., Canada Post, VIA Rail, etc.). This suggests that the Canadian economy would be best classified as what type of economy?
A) true command economy
B) pure market economy
C) mixed economy
D) pure planned economy

Question

Quizplus · Accepted Answer

The fact that there are both privately owned businesses and government-owned enterprises in Canada suggests that it is a mixed economy, where both market forces and government intervention play a role in shaping the economy. It is not a true command economy (A), as the government does not have complete control over all economic activity, nor is it a pure market economy (B), as there are government-owned enterprises. It is also not a pure planned economy (D), as there is a significant private sector.

Most Business Enterprises in Canada Are Privately Owned, but the Federal