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Market economy
A type of economy where the private businesses mainly control the economy and resources. government can intervene in order to maintain competition between businesses
What are Crown corporations
Crown corporation, like Petro Canada, are companies owned and operated the Canadian government in order to provide citizens the goods and services they need
What do government intervene in market economies
Government can intervene in a market economy in order to maintain a level of competition. competition is key to the success of the economy, and competition ensures that citizens have a choice when they buy their products. market economies rely on the producers and consumers
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