A tour to economies
By: Marina Majdandzic
Like a couple of other towns, Peru has a traditional economy. With the function of traditional economics, they carry out the same traditions, goods, and services as their ancestors. The following are grown: asparagus, potatoes, maize, rice, and coffee. These products are then exported out to other parts of the world for consumer usage. This gives them the advantage of which, they do not need to rely on modern material to go through their lives. However, this strikes the problem where as, their government is quite weak, and there may be a problem if disaster strikes.
Cuba on the other hand, has Free Market economy. Cubans have the right to freely make their products without the watch of government officials. This gives them the opportunity to create new products for consumers. Yet, the problem is, without the aid of the government, they will have severe problems where as, if the consumers do not want the products you make, then you will have to shut down.
Germany is quite different from the other two countries. Unlike them, Germany has a Command economy, meaning the government is in most control. For example, if the government chooses what kind of brand new Mercedes Benz will be made, the factory will make it with whomever they choose to do so. This gives the advantage that the product will be made the way the government recommended. However, if consumers don't want that kind of product, they will be forced to re-do the entire system of choosing a new chain of Mercedes Benz.
What do you call a detective dolphin. "Solvphin". :'D