https://prezi.

com/buwndy9rzoca/canadas-mixed-economy/

- Private vs. Public ownership

- Private = run by individuals or corporations/businesses
- e.g. Wal-mart, Toyota, Bobs Hairdressing, Joans Flowers etc.
- Public = owned by and employees of the government; paid for by taxes
- education, criminal justice, road work, city of Stoon employees,
universities, park maintenance, health care provided
- Sasktel, SaskPower, SaskEnergy, SGI = crown corporations
- Mixed Market economy in Cda GOAL= giving its citizens a minimum standard of
living, individual liberty, and social justice
- as a result, wanted to provide things like pension plans, universal health
care, unemployment insurance (EI), assistance for people with disabilities etc.
sometimes referred to as a welfare state meaning were looking out for peoples
welfare/well-being
- people have equal opportunity/access to all public services and we try to
provide a basic standard of living

- In Canada, split is approx. 75% private, 25% public

- In a MM economy, government intervention is a key component
- regulate e.g. minimum wage and price controls
- legislate (make laws about) how businesses will be run
- control certain sectors (e.g. CANADA: GST/PST, interest rates, taxes on
alcohol and tobacco and gas, production standards, hospital regulations,
pollution/enviro controls, gambling)