Government and society


Capitalism is an economic system where the means of production are owned by private individuals.Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards.The Canadian economic system generally combines elements of private enterprise and public enterprise. Canada is a world leader in the production of many natural resources such as gold, nickle, diamonds, lead, and in recent years, crude petroleum, which, with the world's second-largest oil reserves, is taking an increasingly prominent position in natural resources extraction aspects of public enterprises development of an extensive social welfare system to redress social and economic inequities, were taken after 1945. Natural resources makes up a large part of the Canadian economy, particularly of its natural resources.
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