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Cuba & Economics

Published on Nov 21, 2015

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PRESENTATION OUTLINE

WHATS A COMMAND ECONOMY ?

  • Ivestment
  • Production
  • Prices
  • Incomes
  • All of these things are determined by a central government
Photo by coffeego

📚EDUCATION📚

  • Cuba spends 10% of its budget on education
  • Primary and Secondary Education is from age 6-15 or 16
  • Every School is required to wear a uniform color denoting grade level
  • Primary classes: Dance, hygiene, cuban revolutionary, and gardening
  • Secondary: chosen between pre-university education and technical and professional education

👔💼JOBS & CAREERS💼👔

  • Engineering, management, structure, and cab driving
  • The American Dollar and Cuban Peso is used as currency
  • Unemployment in Cuba from 2000 has reached as high as 5.40% now being 3.30% today

🔁IMPORTS & EXPORTS🔁

  • Cuba exports goods such as tobacco, coffee, medical products, sugar, and citrus
  • Receives petroleum, chemicals, machinery, and foods
  • Cuba partners the most with Venezuela, the Netherlands, China, Spain, Brazil, and the U.S

ADVANTAGES☑️ DISADVANTAGES✖️

  • Distributes wealth equally among the people, no inequalities
  • Demands are not satisfied by production
  • Maximizes utilization of resources
  • Lacks innovation

Preferred Economic System:
I'd live in a "Free Market Economy" because it gives people a chance to make their own choices on things like trade, prices, and decisions.

CUBA & A COMMAND ECONOMY

TAMIA TORREY ARBANEY JOHNSON WILLIAM SHORTS