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- Hey Jim, what are those books about?
- Oh, hi Carl, these books are about the economy of Mexico, Brazil, and Cuba. I found out that Mexico Is about 65% free and 35% controlled, so this makes Mexico a market economy. Brazil Is about 53% free and 47% controlled, so Brazil has a mixed economy, and Cuba is about 33% free and 67% command, which makes Cuba a command economy.
- Wow, that's a cool fact Jim, can you give me another fact?
- Here's another fact, in Mexico the businesses decide what to produce based on supply and demand in the market. Brazil, businesses in Brazil make their own decisions almost equally to the same amount of power the government has on making decisions.
- What do citizens and businesses in Cuba decide?
- In Cuba very few citizens decide to own private businesses, and because Cuba is also a communist country, so they can't really make much decisions.
- What does the governemt control in Mexico?
- In Mexico the government controls many laws to regulate and control production and the price of goods.
- How about, Brazil's governmental control?
- In Brazil, the government controls high taxes and controls important industries.
- Do you have any more facts?
- Yeah, I just have one more fact, that Cuba's government controls most of the land, factories, and businesses.
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