CANADA'S ECONOMIC SYSTEM, II
By Samatha Oliver
General Characteristics of Agricultural, Industrial, and Information Age Economic Systems Re: Barter and/or Money Economies
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Agricultural Age Economic Systems (Barter vs. Money):
Barter, pre-money economy; goods and services are traded without any money being exchanged
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Industrial Age Economic Systems (Barter vs. Money):
Money economy; rise of labour sold for wages, and goods and services sold for money/currecy.
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Information Age Economic Systems (Barter vs. Money):
Continued money economy as well as rise of a subtantial barter economy both within nations (a counter-economy) and between nations (counter trade)
Information/Data on Canada's Economic System (Whether Barter Economy or Money Economy)
Canada falls under counter trading(money economy)
Conclusions on Canada (Whether Primarily Agricultural, Industrial, or Information Age Re: Being a Barter and/or Money Economy)
Canada is in the information age.
(Barter vs. Money Economy) Canada has a free-trade North American free trade Agreement (NAFTA) with Mexico and the United States. This agreement provides for the freer movement of capital and goods, more cross-national investment, and a large market for many goods from each country. Therefore, it falls under the information age.
Additional Online Sources on Canada's Economic System (Barter and/or Money Economy)
Traditional Bibliographic Sources on Canada's Economic System (Barter and/or Money Economy)
- CIA World Factbook
- Toffler, Alvin. The Third Wave. New York: Bantam Books, 1980.
- United States Background Notes.
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