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Scarcity In The Canadian Economy
Part 1 of Paper
....ts are virtually unlimited and insatiable, while economic resources – the means of producing goods and services – are limited or scarce. It is quite true that in our affluent society resources are more plentiful that they have been for any other nation or for any other time in history; nonetheless, we describe them.... Part 2 of Paper
....nada most decision are made in the market . Consumers by their dollar votes decide what goods and services will be produced. Businesses, responding to the profits to be made from producing goods and services consumers want, hire the necessary resources. But some of the solutions given by the market are not acceptable, so Canadian governments intervene and impose different ones. The Canadian economy, then, is a mix economy system, with the market system predominating.
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| Number of words: 692 - Approximate pages: 3 |
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