CANADA

Population: 37 million
-Mixed Economy-
Canada's goods and services are produced
through manufacturing in the industries
and many services are produced by its free
enterprise.

Canada produces goods including raw

metals, industrial machinery, chemicals,
and petroleum. Services include trade by
exports and imports.

The general public and population that

sustain jobs and that can afford these goods
and services are the consumers.
 Comparing Economic Systems
In at least 1 paragraph, compare and contrast the similarities and differences between the U.S. mixed
free enterprise system and the country’s economic system you chose for your mural from last class.
- How are they different?
- How are they the same?

Both the U.S and Canada have a mixed free enterprise economic system. The U.S’ system of free
enterprise allows businesses to operate freely and in competition with other businesses. The same is
with Canada, business is free reign and there is competition within different businesses regarding
supply and consumer demand. But, as both these countries have free enterprise, they have a mixed
economic system which allows the countries individual governments to regulate their business and all
its factors. Similarities between both the countries government relations to business include: laws that
regulate commerce, promote, as well as set the minimum wage, and levy taxes for goods and
services (GST.) The U.S relies mainly on its factors of production and its own corporations and
industries to produce and manufacture their own goods that stimulate the economy. Canada,
although does the same as the U.S and produces its own goods and services, focuses more on trade
and exports as well as imports. Both these countries have similar economic systems, they have free
enterprise and allow their populations private owned businesses to strive with the government to
overlook them, but they also differentiate just like the other 193 countries in this world.
 Comparing Economic Systems

In at least 1 paragraph, compare and contrast the similarities and differences between the U.S. mixed free
enterprise system and the country’s economic system you chose for your mural from last class.
- How are they different?
- How are they the same?

The U.S economic system is similar to the New Zealand Economic system as they both use the mixed
free market economy system. Additionally, they both focus on producing various goods and services ranging
from agriculture to oil/petroleum. They are different because in the United States, the government also own
certain industries that produce these goods and services that are used by the people; meanwhile, in New
Zealand, these businesses aren’t specifically owned by the government. Also, New Zealand’s economy relies
on international trade that allows there to be trading of imported and exported goods and services among
these countries. On the contrary, the U.S. has become dependent on the services they provide in their country
as they are also trading with New Zealand to a certain extent.