Latin American Economic SystemVersion en ligne What are the characteristics of economic systems in Latin America? par Aaron Stinson 1 Brazil 2 Mexico 3 Cuba 4 Economic Questions Largest Economy in Latin America 47% Government Control 53% free market government regulations on business are large. Government is turning more control over to the people of Brazil. Much of the nation's land, factories, and businesses are privately owned. Most free of the three economies Member of NAFTA Government owns the nations oil industry 65% Free 35% controlled Communist Country 33% Free 67% controlled Government owns most of the nations factories, land, and natural resources. Economy is planned the government decided what is produced and how much Very few private businesses What to produce? How to produce? For whom to produce?
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