Why Is Canada A Mixed Economic System

Canada’s Economic System

Although Canada and the United States have a very close economic relationship, they each have differents types of economies. America uses a market economy while Canada has a mixed economy. While some people believe Canada should change to a market economy, I think that Canada should continue to use a mixed one. In my perspective, a mixed economy better represents who we are as Canadians and what we value. The benefits of a mixed economy are much greater than ones provided by a market economy. Having a mixed economy in Canada ensures that our cultural identity is protected, protects workers and allows the to government have a role.

Today Canada is heavily influenced by the United States and without government support,

A Union is an organization of similar workers like teacher, that protects workers and their rights. This gives the average worker more bargaining power since they are supported by a large group of workers. If a worker has a low salary and is asking for a pay raise by themselves it is unlikely for the company to agree. The company probably wouldn’t care if they refused the raise and the worker quit as a result. But if an entire union, with many worker was collectively asking for better work conditions and a raise, they would have a lot more bargaining power. If the company refused the union could tell their members to go on strike, leaving the company without workers. This would severely harm the company and would force them to consider the offer. An excellent example of this is the teachers strike that happened a while back. Since all the teachers in the city were part of the union and were on strike, the city had to listen to their terms. Although being part of a union requires a fee, it is worth it because it provides protection from big corporations. Another perk is that if a member is injured on the job a union will give the member a part of their salary. In a mixed economy unions are able to succeed at their goal to act as a safety net for members and making sure that they are being treated

These are called Crown Corporations and they have an important role in our economy, providing things like health care. This prevents big companies from controlling hospitals and having a monopoly, allowing them to raise prices. In a market economy like America, companies own hospitals making them very expensive, because they are looking to make money rather than just focusing on helping people. With the government having control, everyone is given access and it help archives what's best for all people in society. Though this means there are higher taxes, I think it is worth it because part of what makes us Canadian is that we value equity. It may feel like the government is taking more of your money in a mixed economy, but it is important to remember the benefits they bring. The higher taxes translate into more public services and more funding towards people in need, like seniors. Since Crown Corporations are government owned, they are indirectly influenced by normal citizens. This is because the government in Canada is publicly elected and need to have public support to stay on power. If a Crown Corporation does something unpopular and many citizens are against it, the government will probably have to fix it. A mixed economy prevents private companies from forming a monopoly and gives regular citizens a say in how their countries