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Question
6 what does the term postindustrial market economy indicate about the canadian economy?
a primarily agriculture - based
b focus on services and technology
c decline in manufacturing industries
d increased natural resource dependence
A post - industrial market economy is characterized by a shift from an industrial (manufacturing - heavy) economy to one that focuses on services, technology, information - based industries, and knowledge - based activities. Option A is incorrect as an agriculture - based economy is pre - industrial or early industrial in some cases. Option C is incorrect because in a post - industrial economy, manufacturing may decline in relative importance but the option's wording is about the characteristic of the post - industrial economy's indication for Canada, and the key is the rise of services and tech. Option D is incorrect as a post - industrial economy moves away from heavy natural resource dependence in terms of the dominant economic activity (though Canada still has resource industries, the post - industrial aspect is about services/tech focus). Option B correctly describes the post - industrial economy's focus on services (like finance, healthcare, education) and technology (IT, research and development).
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B. Focus on services and technology