Economic systems are the frameworks within which a nation allocates its resources, goods, and services. The primary types include traditional, command, market, and mixed. Each system varies in how it manages resource distribution and capital, impacting economic growth and societal wealth.

Canada's market system thrives on the principles of supply and demand, where prices are determined through the interactions of consumers and producers. This system encourages efficient resource distribution and fosters economic growth, influencing global economies with its dynamic market types.

Capital management is crucial for sustaining economic growth and societal wealth. In economic systems, effective management ensures that resources are distributed optimally to support development and innovation, contributing to a robust economy that integrates into global economies.

Global economies influence Canada's economic system through trade, policy exchange, and international cooperation. These interactions affect resource distribution, capital management, and the market types available, driving economic growth and adjusting to changes in global supply and demand dynamics.