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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?

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Comparing the Economies of Canada, Cuba, and Brazil

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  1. Comparing the Economies of Canada, Cuba, and Brazil

  2. Canada • Who owns businesses and farms? • Private citizens and corporations

  3. Canada • Who decides what to produce and how much to produce? • Private citizens and corporations

  4. Canada • Who decides how goods and services will be produced? • Private citizens and corporations

  5. Canada • Who decides distribution methods and prices for goods and services? • Private citizens and corporations

  6. Canada • Who decides the prices for goods and services? • Buyers and sellers based on supply and demand

  7. Canada • How are property rights protected? • Laws and a good court system protect people’s property rights

  8. Canada • How difficult is it to start your own business? • Very easy, in a few days

  9. Cuba • Who owns businesses and farms? • Mostly owned by the government; some private ownership of small farms or businesses

  10. Cuba • Who decides what to produce and how much to produce? • Government planners

  11. Cuba • Who decides how goods and services will be produced? • Government planners

  12. Cuba • Who decides distribution methods and prices for goods and services? • Government planners

  13. Cuba • Who decides the prices for goods and services? • Government planners

  14. Cuba • How are property rights protected? • Some personal property rights allowed, but judges and the courts are run by the central government

  15. Cuba • How difficult is it to start your own business? • Very little private business allowed

  16. Brazil • Who owns businesses and farms? • Private citizens and corporations for the most part; the government owns some larger industries such as steel

  17. 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

  18. 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

  19. 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

  20. Brazil • Who decides the prices for goods and services? • Buyers and sellers based on supply and demand

  21. Brazil • How are property rights protected? • Laws are in place, but a poor court system is a problem for protecting property rights

  22. Brazil • How difficult is it to start your own business? • Somewhat time-consuming

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