Unit 5c Latin American Gov and Econ

An economy where supply and demand decides what to produce and how to produce it. Price decides for whom products are produced. The citizens have the most freedom but the government has a little power.

• Pure Market

• Mixed Market

• Pure Command

• Mixed Command

An economy where the government decides what to produce, how to produce, and for whom to produce. The government has the most power and citizens have very little power.

• Pure Market

• Mixed Market

• Pure Command

• Mixed Command

The quantity of a good or service available for sale

• Supply

• Demand

The quantity of a good or service consumers are willing to buy

• Supply

• Demand

What type of economy does Mexico have?

• Pure Market

• Mixed Market

• Pure Command

• Mixed Command

What type of economy does Brazil have?

• Pure Market

• Mixed Market

• Pure Command

• Mixed Command

What type of economy does Cuba have?

• Pure Market

• Mixed Market

• Pure Command

• Mixed Command

Citizens are allowed to own property and entrepreneurship is encouraged but the gov owns many industries.

• Mexico

• Brazil

• Cuba

Freest economy in Latin America.

• Mexico

• Brazil

• Cuba

Government owns most of the properties and resources

• Mexico

• Brazil

• Cuba