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Canada is a member of the G7, the 9th largest economy in the world by GDP, which amounts to $1.64 trillion, and the 11th largest by GDP per capita, ahead of countries such as Germany, Belgium, Sweden, Israel, and Austria.
It is a capitalist economy based on the accumulation of capital, wealth creation through the interaction between owners and workers, and means of production primarily through private companies that generate profits for their owners.
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