Government Systems
This system allows free enterprise.
What is capitalism?
Canada has this type of economy
Mixed
The year Treaty Making started in Canada.
What is 1600's?
When the market is shared by a limited number of people we call it this.
oligopoly
Land is an example of this type of resource
Natural
This system does not allow for any private ownership of property
Socialism
Supply, demand and this work together in an economy
Price
This group was most concerned with securing land and resources.
The Crown
This is the overall well being and satisfaction a person has with life.
Quality of living
Money and equipment are referred to as this type of resource
Capital
Under this system poverty usually climbs while richer people benefit
Capitalism
In this type of economy consumers must just accept the price of goods and services
Pure Market Economy
This group wanted to share the land and live in peace
First Nations
This is a system in which goods and services are produced, sold and bought.
Economy
Education of employees would be an example of this type of resource.
Labour
Under this system the government controls property.
Communism
In this type of market the consumer makes the decision on what they are going to spend their money on
Consumer market
This group wanted to continue their way of life and assure a future for their children
First Nations
This is the short supply of a good or service
Scarcity
Wealth is created when resources are brought together with.
Factors of production
Under this system working is done on a voluntary basis
Socialism
These two indicators help to define a standard of living
income, levels of medical care, education, choices available to every citizen
Land set aside for First Nations in treaty negotiations
Treaty Land Obligation
When a single firm or sole seller controls the market we call it this.
Monopoly
The organization/management of resources is part of this type of resource.
Entrepreneurship