By:Deziree Diamond Montalvo

An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location.


Peru has a free market economy but peru has a Traditional economy. Traditional economy is like if you were born and grew up there  you will have the job your father had and he will have the job his father had.


-There are 1,881 bird species to be seen in Peru.

-Peru is the world's largest exporter of asparagus, with 117,000 metric tonnes in 2012.

-Girls in Peru go to school for an average of 14 years; boys go for an average of 13 years.


-Peru has approximately 30.165.000 inhabitants, of which about 26.000.000 (86,2% of the population) Spanish native speakers.

-Peru (officially called the Republic of Peru) is a country in western South America. Peru is bordered by Ecuador, Colombia, Brazil, Bolivia, and the Pacific Ocean.


-Peru is a republic that is divided into 25 regions. The national holiday is Independence Day, celebrated on July 28. Peru became independent from Spain on July 28, 1821.

-Peru spans the central part of the rugged Andes. The Andes are so high — second only to the Himalayas in altitude — that Peru has many ecological and climatic zones. Each of these zones has its own special plant and animal life and possibilities for development.


The main industries in Peru are mining, fishing, metal work, textiles, food, chemicals and tourism. Due to Peru’s unique geographic location, the country has abundant mineral resources in the mountainous areas, and the country’s coastal waters provide excellent fishing grounds. The result of this is a high quality and quantity of natural resources for Peru.


Peru is at a geographical disadvantage; it is already a warm country and subject to droughts and extreme weather such as the devastating El Niño of 1998. El Niño is a warming of the ocean current along the Peruvian coast that causes changes in the region’s weather patterns; a major El Niño event generally occurs every three to seven years.



Cuba has a Market Economic System.


-Cuba is the largest island in Caribbean. Cuba is neighbored by the United States and Bahamas to the north, Mexico to the west, the Cayman Islands and Jamaica to the south, and Haiti and the Dominican Republic on the island of Hispaniola to the southeast.

-Many people are probably familiar with Cuba's natural beaches of crystal-clear waters and delicate white sand. They may even know about Cuba's three mountain ranges, two-long provinces of savanna and abundant valleys known around the world such as Sugar Mill, Yumurí, and Viñales. Warm, transparent waters, conservation of the ecosystem, biodiversity, and a stunning variety of distinct coral reefs attract scuba diving aficionados from all over. Cuba's waters are the habitat of some 500 species of fish, 200 sponges, meadows of gorgonians, coral gardens, and caves.


-Last year, Cuba spent over $1.6bn (£1bn) on food imports, an unsustainable amount for an economy that has been struggling since the end of the cold war and the collapse of its trading partner, the Soviet Union, through which it also lost 80% of its pesticide and fertiliser imports.

-High mountains and rolling hills cover about one-third of Cuba. The other two-thirds of the island are lowland plains used mainly for farming.


-Cuba has many different habitats, from mountain forests to jungles and grasslands. There are even small deserts. These different ecosystems are home to unique plants and animals found only in Cuba.

-Cuba is a socialist state run by the Cuban Communist Party. Cubans vote for their leaders, but the communist party is the only legal party. Fidel Castro was president, prime minister, and commander of the armed forces until February 2008, when he stepped down due to a lengthy illness.


Free education and Health care


Hard to leave country if not a tourist , Low Income, Communism, Not enough Canadians



Germany has a Market Economic System


-Germany's central and southern regions have forested hills and mountains cut through by the Danube, Main, and Rhine river valleys. In the north, the landscape flattens out to a wide plain that stretches to the North Sea. Between these extremes, Germany is a country of incredible variety.

-Germany's location at the heart of Europe has shaped its history both for good and bad. It borders nine neighbors, more than any other European country.


-After losing World War II, Germany was in ruins. West Germany recovered to become Europe's richest country, but East Germany, under communist control, fell far behind. After reunification in 1989, Germany spent billions of dollars to modernize the East.

-The capital Berlin is also Germany's largest city, with a population of 3.4 million. Other cities with more than one million residents are Hamburg (1.8 million) and Munich (1.3 million). Cologne is just below the one-million mark. Frankfurt am Main (pop. 662,000) is a centre of international finance.


-Humans settled in northern Europe about 10,000 years ago, after the end of the last Ice Age. The first people to speak a language similar to modern German probably lived in the area about 5,000 years ago. It was still thousands of years, though, before Germany was created.

-Early Germany was a patchwork of small states ruled by dukes and kings. But in 1871, the country was united, through force and alliances, by a politician named Otto von Bismarck.


Germany has along with a few other countries the best health care system in the world.


The disadvange in Germany can be that the weather is unpredictable.

Comment Stream