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Economic Systems (Consumerism (Factors that influence consumer behaviour:,…
Economic Systems
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Market Economy
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USA
Founding principle: Individualism. "Life, liberty, and the pursuit of happiness."
Emphasis on the individual, little involvement of the government.
America's economic system is not static - it shifts left and right depending on the political party in government.
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Mixed Economy
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Canada
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Founding principle: Cooperation. "Peace, order, and good government."
Canada's economic system is not static - it shifts left and right depending on the political party in charge.
Government has some economic power, but not total.
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