Global Economy
Sophie Remington Block 6 4-4-14
Cuba Economy(Cattle Ranch&Sugar Cane Plantation)
a traditional economy:
-jobs are pasted down by father or grandfather-
-decisions are based on habits and customs-
advantage-grow your own food&make your own clothing
disadvantage-no voice in which job you have&very difficult life style
Germany Economy
a free market economy:
-total ownership of your own properties-
-little to no government involvement-
advantage-free to make your own choices
disadvantage-lots of competitors
Peru Economy(Indian Farming Villages)
traditional economy:
-jobs are pasted down by father or grandfather-
-decisions are based on habits and customs-
advantage-grow your own food&make your own clothing
disadvantage-no voice in which job you have&very difficult style