What type of economy does Canada have?
The word economy comes from a Greek word meaning.
What is "The running of a household?"
A business that is owned by someone nearby to where you live.
What is locally owned?
Might mean that something is yours - to do whatever you want with it, whenever and however you please.
What does it mean to own?
The total amount of a certain good or service that is available for purchase or consumption by consumers.
What is supply?
The wealth and resources of a country or region, including the goods and services that are produced, distributed, and consumed.
What is economy?
The part of the economy that is controlled by individuals, and is not under direct government control.
What is private sector?
Individuals who hold the exclusive right to property.
What is private ownership?
Rivalry between companies to provide goods or services to consumers.
What is competition?
In this type of economy, the answers to economic questions are the responsibility of both individuals and the government.
What is mixed market economy?
The part of an economy that is controlled by the government.
What is public sector?
Resources are held by everyone in a group, rather than by individuals.
What is collective ownership?
What is advertising?
The lowest amount that companies can pay to employees.
What is minimum wage?
Paid fair prices for their products, which helps combat poverty.
What is fair trade?
A business that is owned and run collectively by many people who also share in the profits and losses.
What is a co-operative?
The person who grows or makes a product or provides a service.
What is a producer?
Mixed market economy.
What is Canada's economy?
Meant to provide reliable and high-quality services that are available to everyone.
What is a Crown corparation?
A religious group of people who began migrating to Saskatchewan in 1949 in search of religious freedom.
Who are the Hutterites?
The person who pays for a good or service.
What is a consumer?