Latin American Economics

Economic system in which roles and jobs are inherited.

• command

• market

• traditional

Economic system in which roles and jobs are determined by the government.

• command

• market

• traditional

Economic system in which the citizens dictate what goods and services to sell.

• command

• market

• traditional

Economic system in which supply and demand make prices fluctuate.

• command

• market

• traditional

Economic system in which the government owns industries and resources.

• command

• market

• traditional

Economic system in which bartering is common.

• command

• market

• traditional

Economic system in which government controls wages and production quotas.

• command

• market

• traditional

Economic system in which entrepreneurs prosper.

• command

• market

• traditional

What type of economy would B represent on the continuum?

• market

• command

What country would A most likely be on the continuum?

• Cuba

• Mexico