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Before a union may apply for certification in Canada, a minimum threshold for authorization card sign-ups must be reached. Which of the following most closely represents the threshold?
Command Economy
An economic system where the government controls all major aspects of production, investment, and distribution.
Laissez-Faire
An economic theory from the 18th century that is strongly against the government interfering in the marketplace.
Invisible-Hand
A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individual self-interest inadvertently benefits society at large.
Command Economy
An economic system where the government or central authority makes all decisions regarding the production and distribution of goods and services.
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