Canada shares its border with the united states and most important thing is that it is the second largest country in the world. The Canadian economy varies greatly. This country has large number of computer software companies. From, this topic we can collect information about the economy of Canada. We can gain knowledge about rules and regulations of this country. Moreover, get knowledge about the education system. Also, gain knowledge that how this country develops. What are the steps taken by this country for development? The economy of Canada is also known as mixed economy which means in this country people of different nation, different caste, and different language are living together. Economy of Canada is very different from India. Canada is advance in each and every field like in education system, health ad care, in business and moreover, the education system, rules and regulations, methods of development of Canada are much better than other developed countries. In this country each and every work is done with rules and regulations as there is no corruption, no poverty, all work is done honestly. so that’s why this country has developed more than any other nation even after passing through various problems in this country.
A) TITLE: –
“Economy of Canada”
B) PRINCIPLE SUMMARY:
Canada has the seventh-largest economy in the world. The Canadian economy is diverse and highly developed. It is very similar to the American economy, although smaller in size. The economy of Canada is a highly developed mixed economy with 10th largest GDP approximately. Our economic system is also often referred to as a mixed economy because it involves both private and public ownership of capital and resources. Much like in the U.S, the Canadian economy stated out agricultural, shifted to industrial, and now approximately service based.
Canada is considered an “energy superpower” due to its abundant natural resources. It is unusual among developed countries in the importance of the primary sector, with the logging and oil industries being two of Canada’s most important. The Canadian economy closely resembles that of its neighbour to the south, the US. Canada also adopts a market oriented economic system combines private enterprise with government regulations. The education system, rules and regulations, methods of development of Canada are much better than other developed countries. Canada’s population for 2010 was 34.059 million. In the same year, Canada’s labour force comprised of 18.59 million people. Canada is a country full of natural resources, technology and many other means of production. Even banks and other financial institutions are much better in this country than any other country. Canada has been a country of low interest rate. This is the reason why the nation has developed more than any other nation even after passing a bad phase of financial crisis.
C) TOPIC STATEMENT: –
Canada has usually been a trading country and trade remains the engine of economic increase.
D) CONTRARY POINTS OF VIEW: –
As per my thinking there may be no opposite factors of view on financial system of Canada. But One bad point is that the government decides the amount of tax on products, which results in humans complaining about high taxes and their unwillingness to pay them. This is the principle disturbance that is faced by using every Canadian either he /she is not citizen of Canada. Sometimes, government regulation requirements may price a company so much that it puts it out of business. In addition, unsuccessful regulations may create problems in features of production. This, in return, can cause the economic balance to move. Another negative is that the government decides the amount of tax on products, which leads to people complaining about high taxes. Moreover, high prices of goods and services may create difficulties for international students as they will not able to afford the cost of goods and services.
E) INTERESTING THINGS ABOUT THE TOPIC: –
There are multitudes of things approximately economic system of Canada that makes the subject extra exciting for people. Some of the thrilling data approximately Canada are as follow: –
1.Canada is officially bilingual due to both English and French have equal status. This is because of the French organising agreement in Quebec many centuries ago. Since they settled, the language has in no way modified. However, the rest of Canada speaks English.
2.Nearly 22% of Canada’s population is immigrants.
3. Canada has more churches in the city than they have houses and is often called the city of churches.
4. It is estimated that at least 42% of Canadians have obtained a college degree, and the country is considered the most educated in the world.
5. Canada gained independence and became its own country in 1982.
6. Canadians do not vote directly for the prime minister. Instead, they vote for Member of Parliament for the House of Commons. The leader with the most seats in the House of Commons is typically elected as prime minister
7. Contributing to its title as the world’s most educated country, the literacy rate in Canada is 99%
Canada is a wonderful place to visit and to live. The country has succeeded economically in the last couple of decades and has made numerous connections in the international trading world.
Canadian people are hard workers who know how to have fun and relax. The country is extremely diverse due to its variance of settlers who established homes in Canada when it first became a country. Today, many of their citizens are immigrants, and they have a large percentage of people immigrate to the country each year. This is often due to the fact that Canada has a high standard of living, and a very low crime rate. The government also plays a major role in determining the level of domestic competition. In the past, the Canadian government had not been supportive to introduce rivalries in its domestic industries. There had not been any clear and well-defined competition policies; there were however, numerous policies enforcing tariffs for imported products that had been protecting domestic firms from competition from abroad. Although some can argue that such protectionism was necessary in the starting phase of an industry, but Canada has still been maintaining some of these protection policies even today for well developed industries such as the cable and electricity industries. Canada education system is one of the best system for students. Students gain lot of knowledge by studying in Canada. Canada is a huge country of diverse peoples, lifestyles and landscapes. It offers a multiplicity of top quality education programs of interest to international students.
Today, many of their people are immigrants, and they have a huge percentage of men and women immigrate to the nation each year. This is often due to the simple fact that Canada has a high standard of living, and a very low crime rate. The federal government also plays a significant role in deciding the amount of home competition. In the recent, the Canadian government acquired not been supportive to introduce rivalries in the domestic industries. There have not been any clear competition policies; there were yet numerous policies improving rates for imported products that were protecting local businesses from competition from abroad. Even though some can claim that such protectionism was necessary in the starting phase of an industry, but Canada has still been maintaining many of these safety policies even today for well toned industries including the electricity industries. Canada education system is one of the better system for individuals. Students gain lot expertise by learning in Canada. Canada is a huge country of diverse peoples, lifestyles and landscapes. It offers a multiplicity of top quality education programs of interest to international students.