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3 Cards in this Set
- Front
- Back
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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 |
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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 |
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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 |
