Canada has a mixed economy that is primarily a free market system but has an extensive social welfare system. This includes universal healthcare that is free at the point of service. Labor force participation rates vary between 2.2-4.1% among provinces but the overall national employment rate is 60.9%. While child poverty rates are lower than the United States, Canada still tracks poverty indicators to ensure access to healthcare. The GDP per capita in 2014 was $56,067.52, ranking Canada 10th in nominal GDP per capita.
Canada has a mixed economy that is primarily a free market system but has an extensive social welfare system. This includes universal healthcare that is free at the point of service. Labor force participation rates vary between 2.2-4.1% among provinces but the overall national employment rate is 60.9%. While child poverty rates are lower than the United States, Canada still tracks poverty indicators to ensure access to healthcare. The GDP per capita in 2014 was $56,067.52, ranking Canada 10th in nominal GDP per capita.
Canada has a mixed economy that is primarily a free market system but has an extensive social welfare system. This includes universal healthcare that is free at the point of service. Labor force participation rates vary between 2.2-4.1% among provinces but the overall national employment rate is 60.9%. While child poverty rates are lower than the United States, Canada still tracks poverty indicators to ensure access to healthcare. The GDP per capita in 2014 was $56,067.52, ranking Canada 10th in nominal GDP per capita.
What is the country that you are researching: Canada
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Write a brief summary of the economic system of the
country: Identify and explain the type of economic system.
Canada is considered to be a socialist
country. Canada is a free market economy but has a very extensive welfare system that includes free health and medical care. Canada is ranked as one of the top five nations to live in the United Nations.
Select three key economic indicators such as poverty
rates, labor distribution, use of resources, etc. and analyze what this information says about the country, how does it compare to other countries, change over time, etc.
Culture jobs ranged from 2.2% to 4.1%
among the provinces and territories. According to the National Household Survey (NHS), Canada had 17,990,080 labour force participants aged 15 years and over which 16,595,035 of those who were 15 years had job, the employment rate was 60.9%. Canada has a better health care than any other country. Canada uses the statistics from Family Expenditure Survey, low income cut-offs are more commonly known as 'unofficial' poverty lines. United States seemed to have a higher rate of child poverty, the higher the rate is the more difficult it is to get those children into health care.