My Smore Flyer
DAY 1: CUBA
Where: Mercedes-Benz car factory.
What: Command Economy.
Strength: Everyone receives a perceived equal amount from the government or central authority.
Weakness: Lack of consumer choices, Does not meet the wants and needs of individuals, No incentive to create or produce.
What: Command Economy.
Strength: Everyone receives a perceived equal amount from the government or central authority.
Weakness: Lack of consumer choices, Does not meet the wants and needs of individuals, No incentive to create or produce.
DAY 2: GERMANY
Where: Visit a sugar cane plantation and a cattle ranch.
What: Mixed Economy.
Strength: Government is the watchdog so consumers are not take advantage of and no businesses become monopolies. However, some businesses may feel the government is too involved.
Weakness:
What: Mixed Economy.
Strength: Government is the watchdog so consumers are not take advantage of and no businesses become monopolies. However, some businesses may feel the government is too involved.
Weakness:
DAY 3: PERU
Where: Indian Farming Village In the Andes Mountains.
What: Traditional Economy.
Strength: Stable, Predictable
Weakness: Lack of progress leads to a lower standard of living.
What: Traditional Economy.
Strength: Stable, Predictable
Weakness: Lack of progress leads to a lower standard of living.