The Government of Canada is a Federal Parliamentary Democracy and a
member of the Common Wealth. The Prime Minister of Canada is the Honorable Jean
Chretien. The Deputy Prime Minister is Sheila Copps and the Governor General is
Romeo LeBlanc. There are five major political parties in Canada they are; the
Progressive Conservatives, the Liberal Party, New Democratic Party, the Reform
Party, and the Bloc Quebecois.
The GNP per capita (1991) was $19,934 (in millions). The annual GNP
growth was 3.4%. The amount of GNP for defence was 2.2%. The majority of
workers in Canada are in the Service field (73%), Industry has 23% of the
workers, and Agriculture has the remaining 4% of the labour workforce. Canada
has an unemployment rate of 9.5% and an inflation rate of 2.3%.
Canada's top three natural resources are Nickel, Zinc and Copper.
Canada's top three agricultural products include Wheat, Barley, and Corn. The
three major Canadian industries are automobile manufacturing, lumber industry,
and petroleum products. Canada has a healthy trading market with major partners
such as the United States, Mexico, and Japan. The top three imported products
are vehicles, foodstuffs, and animal feed, while the three major exports include
vehicles, petroleum products and natural gas. Canada's exports vastly outweigh
their imports. The balance of trade is $9,823,000,000 (more exports than
Canada's economy is a market economy based on free enterprise and the
ideology of capitalism. As a Canadian citizen you are free to buy and sell as
you please on the open market, so long as you are within the law. Since Canada
is a democratic state we are guaranteed these rights and freedoms. Canada has a
very efficient economy. We have an unemployment rate of only 9.5% and a
reasonably small inflation rate. Canada has been rated as one of the best
countries in the world Coincidence?
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(1999, 10). Economic Systems of Different Countries. StudyMode.com. Retrieved 10, 1999, from http://www.studymode.com/essays/Economic-Systems-Of-Different-Countries-1140.html
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"Economic Systems of Different Countries." StudyMode.com. 10, 1999. Accessed 10, 1999. http://www.studymode.com/essays/Economic-Systems-Of-Different-Countries-1140.html.