Cuba's Economy

Karen Cornejo                               

Cuba

Cuba’s Economy

The Cuban Sugar Economy is the principal agriculture economy in Cuba. Cuba has a Command Economy. Cuba has a dual Economy with two distinct system operating side by side.

Cuba's advantages

The fall of the USSR left Cuba with more disadvantages than advantages. The farmers were paid under the market price which wasn't very good for them . Consumers cannot choose and only those goods and services are produced which are decided by the government.Lack of profit motive may lead to firms being inefficient.Lot of time and money is wasted in communicating instructions from the government to the firms

Cuba's Disadvantages

Consumers cannot choose and only those goods and services are produced which are decided by the government.There is lack of profit motive may lead to firms being inefficient.Lot of time and money is wasted in communicating instructions from the government to the firms

Cuba's Sugar Cane Fields.

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