Question

Medicare is a term that refers to Canada's publicly funded health care system. Instead of having a single national plan, we have 13 provincial and territorial health care insurance plans. Under this system, all Canadian residents have reasonable access to medically necessary hospital and physician services without paying out-of-pocket." - from canada.Govthe information in this package is MOST representative of a A market economy B command economy C capitalist economy D traditional economy

Answer 1

Answer:

Correct Answer:

B command economy

Explanation:

A command economy is one where a government of a particular country determines the production of goods and services in a central planning. The price at which the goods or services would be rendered to the people, the level of the services to be rendered as well as the income accured to the organisation is centrally fixed by the government.

Medicare health care system happens to be a representative of n example of a Command economy.