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