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DSS. Which of the countries has the least freedom to do business? (explain why next to your answer) Brazil Canada Cuba Russia. Comparing the Economies of Canada, Cuba, and Brazil. Canada. Who owns businesses and farms? Private citizens and corporations. Canada.
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DSS Which of the countries has the least freedom to do business? (explain why next to your answer) Brazil Canada Cuba Russia
Canada • Who owns businesses and farms? • Private citizens and corporations
Canada • Who decides what to produce and how much to produce? • Private citizens and corporations
Canada • Who decides how goods and services will be produced? • Private citizens and corporations
Canada • Who decides distribution methods and prices for goods and services? • Private citizens and corporations
Canada • Who decides the prices for goods and services? • Buyers and sellers based on supply and demand
Canada • How are property rights protected? • Laws and a good court system protect people’s property rights
Canada • How difficult is it to start your own business? • Very easy, in a few days
Cuba • Who owns businesses and farms? • Mostly owned by the government; some private ownership of small farms or businesses
Cuba • Who decides what to produce and how much to produce? • Government planners
Cuba • Who decides how goods and services will be produced? • Government planners
Cuba • Who decides distribution methods and prices for goods and services? • Government planners
Cuba • Who decides the prices for goods and services? • Government planners
Cuba • How are property rights protected? • Some personal property rights allowed, but judges and the courts are run by the central government
Cuba • How difficult is it to start your own business? • Very little private business allowed
Brazil • Who owns businesses and farms? • Private citizens and corporations for the most part; the government owns some larger industries such as steel
Brazil • Who decides what to produce and how much to produce? • Private citizens and corporations for the most part; the government controls some larger industries such as steel
Brazil • Who decides how goods and services will be produced? • Private citizens and corporations for the most part; the government controls some larger industries such as steel
Brazil • Who decides distribution methods and prices for goods and services? • Private citizens and corporations for the most part; the government controls some larger industries such as steel
Brazil • Who decides the prices for goods and services? • Buyers and sellers based on supply and demand
Brazil • How are property rights protected? • Laws are in place, but a poor court system is a problem for protecting property rights
Brazil • How difficult is it to start your own business? • Somewhat time-consuming