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Cuba & Economics
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Published on Nov 21, 2015
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PRESENTATION OUTLINE
1.
WHATS A COMMAND ECONOMY ?
Ivestment
Production
Prices
Incomes
All of these things are determined by a central government
Photo by
coffeego
2.
📚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
Photo by
Robert S. Donovan
3.
👔💼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
Photo by
Stuck in Customs
4.
🔁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
Photo by
Nathan O'Nions
5.
ADVANTAGES☑️ DISADVANTAGES✖️
Distributes wealth equally among the people, no inequalities
Demands are not satisfied by production
Maximizes utilization of resources
Lacks innovation
6.
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.
7.
CUBA & A COMMAND ECONOMY
TAMIA TORREY ARBANEY JOHNSON WILLIAM SHORTS
Photo by
lexdjelectronic
Miaa Tore
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