What Are Two Important Features of the British North America

question 36

Essay

What are two important features of the British North America Act, 1867?

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Definitions:

Central Planning

An economic system where the government makes all decisions about the production and distribution of goods and services, often found in socialist economies.

Chain Reaction

A sequence of reactions where a reactive product or by-product causes additional reactions to take place, often leading to a self-sustaining series.

Innovation Lagged

The delay or slow pace in the development and adoption of new technologies, products, or processes.

Centrally Planned Economies

Economies in which the government makes all decisions about the production and distribution of goods and services.