What Type of Economy does Canada have?
Most Canadian youths are taught that the government takes the money from the taxes and is used it for their benefits, but they arent told the whole story. The government uses these public funds to fulfill the citizen's basic necessities.
Education, unemployment benefits, roads and highways, and medical care are needs and wants that are paid for out of public funds.
Public sector companies are created and managed by the government on a federal, provincial, territorial or local level. The private sectors are responsible for all decisions regarding the company. (Owner)
What's the difference between a public sector and a private sector?
In private ownership, individuals hold the exclusive right to property. ( for example, a landowner also owns the resources on that land, such as trees)
What's the basic premise of private ownership?
Red, "it looks the best"
What's her favorite colour?
From a consumer's perspective, the competition between businesses is a good thing, because it can lead to lower prices and innovation.
Is competition between businesses a good or bad thing? Based on the consumer's point of view.
In a crown corporation, many of their decisions regarding the production, sales, and resources used in the creation of products are made by the government ministry in charge of it.
Crown corporations have different goals meant to provide reliable high-quality services that are available to everyone. Big decisions to create the productions would include?
A cooperative runs on the idea that working together as a community creates benefits for all members ( everyone owns an equal share )
How does a cooperative work and what does it do?
caiden
who's Lilly's best friend?
The federal government has legislation in place to control how business is conducted in Canada. It also makes it an offense for companies to secretly agree to set prices, which can affect the demand for the product.
What does the federal government do for businesses all across Canada? Aswell as their importance.
It consists of different teas, a bunch of crafts, and a wide range of clothing.
Fairtrade is a movement or way of doing business dedicated to making sure that producers in less industrialized countries are paid a fair price for the goods they can produce. What do those goods consist of?
They had hoped to find a place where they could live and work without having to perform any sort of military service
Why did the Hutterites leave Russia in the 1900s?
water
What's Lilly's worst enemy? That she also somehow managed to fall off a sidewalk?
The net includes
- health care
- job training and placement
- housing
- employment insurance
- social assistance benefits
In order for Canadians to have access, the government helps provide a safety net for society, this safety net refers to the services supported by different levels of government.
producers are paid fair prices for their products, which helps combat poverty. People gain control of what they sell and how its produced. Fair-trade products are often organic and non-genetically modified. Consumers become more aware of what they are buying and where their money goes
There are advantages to Fair trades which would be?
The Hutterites were a religious group of people originally from Germany who had settled in Russia in the 1700s.
Where were the Hutterites originally from?
What goods and services should be produced? How should the goods and services be produced? To whom should the goods and services be available? Who will have access to the goods and services? How will the goods and services be distributed?
Economy means “the running of a household”. It's about making decisions, and every economic system must answer certain questions.
That is why, to help combat child labor exploitation, fair-trade standards include banning employment of children younger than 15. Many of the stores where Canadians shop offer products provided by non-Canadian companies.
Child labor is universal, it's all over the world as there are 168 million child laborers in the world.
- live and work together to run large farms
- property and goods were shared with everyone
- people lead a traditional way of life, although personal use of modern technology varies by colony
The basic rules they had made in their colonies or communities were?