The economies of both the United States and Canada are industrial and export oriented primarily service based economies decreasing in size because of NAFTA self-sufficient

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Both the United States and Canada are considered primarily service‐based economies. While they have important industrial and export components, the dominant share of their economic activity comes from the service sector, which includes finance, healthcare, education, and information technology, among others.

Here’s a quick breakdown:

• Industrial and export oriented – Both countries are indeed active in manufacturing and export many goods, but this doesn't capture the main drive of their economies.

• Primarily service based economies – This is the most accurate description. The service sector accounts for the largest portion of GDP in both nations.

• Decreasing in size because of NAFTA – NAFTA (now replaced by USMCA) has not caused the overall size of their economies to decrease; rather, it has facilitated trade.

• Self-sufficient – Neither economy is considered self-sufficient; both rely heavily on international trade.

Therefore, the best characterization is that they are primarily service based.
Both the United States and Canada have economies that are mainly focused on services like finance, healthcare, and technology.

The economies of both the United States and Canada are industrial and export oriented primarily service based economies decreasing in size because of NAFTA self-sufficient

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