Question

Using complete sentences, discuss the basic characteristics of the economies of Canada and the United States.

Consider economy type, development levels, and the role of government in the economy.

Answer 1

The United States and Canada both have mixed economies in which people are free to make their own economic decisions without much government influence. However, the governments have some regulations in place that must be followed. These regulations are mostly in the form of protections that watch out for the best interests of employees, consumers, and the environment. Both Canada and the United States have highly developed economies, high GDPs, and high standards of living.

Credit: the4stewz

- Payton

Answer 2

The United States and Canada both have mixed economies in which people are free to make their own economic decisions without much government influence. However, the governments have some regulations in place that must be followed. These regulations are mostly in the form of protections that watch out for the best interests of employees, consumers, and the environment. Both Canada and the United States have highly developed economies, high GDPs, and high standards of living.

Step-by-step explanation:

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