Canada Vs. India

Kylie Olson

Economic Efficiency

Canada has a percentage of 61.9% of gross domestic product. India has a percentage of 53.3% of gross domestic product. Canada has a higher percentage, meaning Canada is more open to trading goods with other countries. India has a higher percentage of natural resource depletion than Canada. These are reasons why Canada is ranked as a higher developed country than India is.
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Economic Freedom

Canada's employment to population ratio is 61.5% and India's is 52.2%. Canada has a percentage of .9% for long term unemployment and India has 1.4% of their population. Canada has a high percentage of their population working in services and a low percentage working in agricultural. India has a low percentage working in services and a high percentage working in agriculture. In Canada there are more people who pay for phone services than there are in India, but not a huge difference.
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Economic Security and Predictability

Both countries have a low rate of homicides per 100,000 people, but the rate of homeless people due to a natural disaster is very different. The rate for Canada is 20.6 per 1,000,000 people and India has 743.1 per 1,000,000 people. In Canada, for every 100,000 people there is 118 people in prison and in India there is 30 people per 100,000 in prison.
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Economic Equity

In Canada, there income tax is 15% of what you make in one year. In India, there income tax is 20%-30% of their income for one year. In Delhi, India the homeowners pay 6%-10% of property taxes and in Quebec, Canada they pay only 3.4%.
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Economic Growth and Innovation

Technology has grown a ton in Canada. Canada might not have developed the iPhone or iPad but using those devices has allowed them to help create the 3-D TV and facial recognition technology. In India, there hasn't been many inventions from there. But, in years past there has been many great inventions and discovery's that came from India like the button, yoga, and the Single Roller Cotton Gin.

How does the achievement of one of the economic goals impact/interfere with the success of other economic goals? Explain.

There are many ways the different economic goals can effect each other but the one instance I found most interesting is the growth of technology. When technology grows that also means security grows. Security grows by tracking what you say, search, and do on your smart phones and computers. Security also grows by putting up camera everywhere to watch for suspicious activity and terrorism. This can also lead to the decrease in freedom and privacy in your life.