Comparing the Economies of Canada Cuba and Brazil
Comparing the Economies of Canada, Cuba, and Brazil
Canada �Who owns businesses and farms? �Private citizens and corporations
Canada �Who decides what to produce and how much to produce? �Private citizens and corporations
Canada �Who decides how goods and services will be produced? �Private citizens and corporations
Canada �Who decides distribution methods and prices for goods and services? �Private citizens and corporations
Canada �Who decides the prices for goods and services? �Buyers and sellers based on supply and demand
Canada �How are property rights protected? �Laws and a good court system protect people’s property rights
Canada �How difficult is it to start your own business? �Very easy, in a few days
Cuba �Who owns businesses and farms? �Mostly owned by the government; some private ownership of small farms or businesses
Cuba �Who decides what to produce and how much to produce? �Government planners
Cuba �Who decides how goods and services will be produced? �Government planners
Cuba �Who decides distribution methods and prices for goods and services? �Government planners
Cuba �Who decides the prices for goods and services? �Government planners
Cuba �How are property rights protected? �Some personal property rights allowed, but judges and the courts are run by the central government
Cuba �How difficult is it to start your own business? �Very little private business allowed
Brazil �Who owns businesses and farms? �Private citizens and corporations for the most part; the government owns some larger industries such as steel
Brazil �Who decides what to produce and how much to produce? �Private citizens and corporations for the most part; the government controls some larger industries such as steel
Brazil �Who decides how goods and services will be produced? �Private citizens and corporations for the most part; the government controls some larger industries such as steel
Brazil �Who decides distribution methods and prices for goods and services? �Private citizens and corporations for the most part; the government controls some larger industries such as steel
Brazil �Who decides the prices for goods and services? �Buyers and sellers based on supply and demand
Brazil �How are property rights protected? �Laws are in place, but a poor court system is a problem for protecting property rights
Brazil �How difficult is it to start your own business? �Somewhat time-consuming
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