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Scarcity In The Canadian Economy
Beginning of paper
Canadian economy is facing an economizing problem – Scarcity. This happens when the material wants are virtually unlimited and insatiable, while economic resources – the means of producing goods and services – are limited or scarce. It is quite true that in our affluent society resources are more plentiful that they have been for any ot .... Middle of paper
.... on these basic problems, and possible solutions, we have to derive an economic system.
In Canada most decision are made in the market . Consumers by their dollar votes decide what goods and services will be produced. Businesses, responding to the profits to be made from producing goods and services consumers want, hire the necessary resources. But some of the solutions given by the market are not acceptable, so Canadian governments intervene an ....
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Number of words: 692
Number of pages: 3 (approx. 250 words per double-spaced page)
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