Canada and The United States do have a lot in common for sure, except their type of economy is quite different. Canada has a mixed economy where the government and the civilians both have a say in things that happen around the country. While The United States have a Market economy where the government has little involvement in the country while civilians have most say in important decisions. But in the end a mixed economy does have less disadvantages and more advantages to the system.
In Canada’s mixed economy we have many advantages with only a few disadvantages. One advantage is that it encourages less income equality, some think this is bad because the wealthier will be taxed more money except most think it is a very reasonable thing because they can afford the tax while the people where money is more scarce they wouldn’t be able to afford the big taxes that the wealthy can. Another big advantage for Canada’s mixed economy is that there is lots of employment available which leads to the unemployment rate to go way down which increases quality of life. One huge disadvantage is that having a mixed economy can lead to high taxes because the
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government spend all of their money to make thing around the country neater and easier to access, make nice roads etc. So whether it is higher taxes or not it can be an advantage and a disadvantage both mixed together The United States have a market economy which is an economy where the government has little involvement.
There are some advantages but there are also some disadvantages that can be crucial. First off I will start off with an advantage for The United States market economy. A huge advantage of a market economy is that the citizens of the economy are free to make all of their own decisions except they still will have to follow the laws that the government has put in. But the disadvantages add up quickly and a huge one is that so many people are unemployed because the government does not offer all of the jobs that the mixed government. So the only way for people to get a job in the USA is to apply at a private businesses (e.x. Walmart). All in all mixed economies have a much lower unemployment rate than market economies
do. So overall I think a mixed economy is a way better economy to live in than a market economy. Although I have never lived in a market economy, the unemployment rate in the USA is crazily high. USA’s unemployment rate is over 4% which mean one is about every twenty-five people is unemployed. Also over half of the jobs in the US make under the dollars an hour when just the minimum wage in Canada’s minimum wage is thirteen-eighty-five an hour. Another huge advantage that Canada has over the US is the quality of life. The quality of life in Canada is top five in the world on almost every graph where US is not usually in even the top ten. In this Essay I started out by being asked “Should Canada and The United States have a common economic system with little government involvement?” My answer is “no.” Plainly because Canada is doing way better than the US in almost every way possible. Do you agree with my answer? Why or why not?
It should be a great thing for the economies of both countries, but since the North American Free Trade Agreement was signed, American businesses almost took over the Canadian economy. When the American companies started to make more business in Canada, it brought more jobs and money to the country in the short-term. But as a long-term effect Canadians became even more depended on the U.S. as the American companies started dominating Canadian companies in Canada. Also, today Canadian manufacturers have little protection from the government when ch... ... middle of paper ... ...
Our group chose Canada because we feel that there are many similarities between our culture in the United States and the culture in Canada. Comparing the economies of these two nations shows that they are nearly identical. If combined, Canada’s and the United States’ economies would be the world’s largest economy; therefore, it would be advantageous to incorporate in both nations.
Canada has become a superior nation thru, perseverance, courage and even care as they persevered thru many dark battles, and made sure they all came thru together as a unit other than individuals. Their courage made there fighting 100% stronger as they wouldn’t back down to any task and they weren’t afraid to lose their life to help a fellow friend and country out. Care played a major aspect in each Canadian heart. There cared about Britain so they weren’t to go help them when they declared war, they helped other troops with their emotional problems and lastly they even cared a little about there enemies as they are the same person, however the only thing separating them is there culture. Canadians contributed in many ways to help our country's great efforts in the First World War.
Canada’s ability to maintain a healthy income is important, for without it, Canada’s economy would not be functional. This is where Canada’s three main exports come into play. In 2013, Canada earned 133 billion dollars in exporting Mineral products, 123 billion dollars of that coming from mineral fuels, oils, products of their distillation, bituminous substances, and mineral waxes (Ibid.). With such a booming mineral industry, Canada receives a large income from mining that can be invested in schools, jobs, public projects, and many other important areas . Also, the earnings can be devoted towards small businesses looking to expand by using government funding programs, which helps support and expand Canadian economy (Mentor Works). Overall the money is used for activities that support the Canadian economy and make numerous people’s lives better.
The United States is Canada's largest trading partner and is the largest market for Canadian goods. The Canada-U.S. Free Trade Agreement (1989) and the North American Free Trade Agreement (1994) have both been crucial to increasing market opportunities for Canadian exporters in the U.S.
In conclusion, Canada was influenced throughout the 1920's by America, that by 1929 Canada became very similar to America in social trends, economics and produce. But has this stopped in modern day era? Canada continues to be heavily influenced by the amount of American products and media outpouring into Canada. Canada has made attempts throughout time to impede the onslaught of American invasion but American invasion is seen on a huge global scale. Hit movies, tv shows, products among others are generally based on American culture, views, or based within American domain. It is a reign yet to be stopped.
The culture of Canada refers to the shared values, attitudes, standards, and beliefs that are a representative of Canada and Canadians. Throughout Canada's history, its culture has been influenced by American culture because of a shared language, proximity, television and migration between the two countries. Over time, Canadian-American relations have helped develop Canada’s identity during the years 1945-1982; thus introducing changing social norms, media and entertainment. In support of this, due to the United States being approximately 9.25 times larger in population and having the dominant cultural and economic influence, it played a vital role in establishing Canada’s identity. With Canada being its neighbour, naturally, the United States would influence their way of life upon Canada.
People outside of Canada are baffled at how Canada ended up in such a state of affairs. Canada as a country has a lot going for it. A high GNP, and high per capita income in international terms. It is ranked at the top of the...
There are many different types of society all around the world. India and Canada for example, are two very different societies with many things that are complete opposites. Things like culture, the food, and people are just a few of the things that are very what make up a society and what the society is known for. Every society has different rules that they must follow. India and Canada both have some differences and similarities that are a part of their society.
North, South, East, West and Central- there are definite qualities that detach Prairie from Maritimes, Ontario from Quebec and the Territories from the British Columbia. Each of these regions are separated by how they live, and their different culture background. Which forms our own identites within the counrty. Canadian and American government also show difference in how they govern themselves. United States is a country of one basic language. It has one main language, for its federal government and for every state. Canada is a country of two basic languages, French and English. A second basic difference between our Constitution and the American is that we are a constitutional monarchy and they are republics. For we have a parliamentary-cabinet government, while the Americans have a presidential-congressional. This means that the president is the head of the state and head of the government. While in Canada the Governor General is head of the provinces and the Prime Minister is the head of the government. Parliamentary-cabinet government is based on a concentration of powers. The Prime Minister must by custom be a member of one House or the other, or get a seat in the House. In the United States, the President and every other member of both houses are e...
There is more freedom in a market economy so individuals are able to own and control resources and find the best ways to create goods and services. They use the consumers to their advantage by thinking of the consumer’s dollar is like a vote. Market economies are prominent in the United States, Canada, Japan, South Korea, Singapore, and parts of Western Europe. There are several advantages to a market economy one of which is having the ability to adjust to change. Market economies also give a high degree of freedom with a small degree of government involvement. The people have a voice in the economy which leads to a variety of goods and services created, and a high degree of consumer satisfaction. Disadvantages of a market economy include the inability of the market to meet every person’s basic needs. Markets also do an inadequate job of providing some highly valued services such as justice, education, and health care. Citizens of a market economy must also face a high level of personal uncertainty and the prospect of economic failure. Then there is Capitalism behind the market economy which has the means of production privately owned. The advantages of Capitalism include higher efficiency, freedom, decentralization, a smaller role of government, and a high degree of consumer satisfaction. The disadvantages include not providing the production of many free public goods from the government,
During his budget speech of 1998, Finance Minister Paul Martin believed that the Canadian budget, while important, was not the only aspect of Canada that was important. He believed that "there is more to taking care of a nation than simply taking care of the books. Canada is not just a market place. It is a community "(qdt. In Campbell 261). Martin was referring to the affects of globalization within Canadian society and economy, believing that we could shape these aspects without them being fully influenced by global markets. In essence, we would thrive in the global marketplace without losing our sense of a Canadian community.
New France and Canada, although are different in many ways, in speaking of political, religious, economic, and, social similarities and differences views, they are also quite similar as well. For example, both Canada and New France have somewhat equal rights for women, and we both have different positions of power in the political system. But Canada has a demographic government, while New France was run by a monarchy.
Canada and China are very different States and are run by very different forms of government. The basic underlying difference between the two governments is the location of sovereignty in the counties. In China it seems as though the people do play a large part in the government, but after studying it, it is evident that the power really rests with the Communist party and the dictatorship. While in Canada the people popularly elect their representatives who elect their Prime Minister.
In a developing country like Canada, new products are continually being produced for use within Canada and to be exported to. other countries for profit. Canada’s healthcare is superior; we are able to eliminate diseases. like the measles. Canada keeps up with the latest technology in medical equipment and medicines to treat Canadians.