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Most nations within Latin America are capitalist developing countries; some are more developed than others. For example, Argentina and Chile have an income per capita of US$18,400 and US$18,700 respectively; other countries are less developed such as Brazil with an income of US$12,100 and there are a couple of countries that are deemed as "least developed", such as Bolivia and Haiti, with incomes of US$5,200 and US$1,300, respectively.
Means of production and economy also wildly varies among these, for the same reasons. For example, Mexico has an export-oriented economy with products such as motor vehicles, aircraft and electronics, while less developed countries like Paraguay export raw materials, like soybeans, cotton and meat.
Henriette Pagac
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Nature of economy in spanish America?
had a senceof fasion
A problem for the economy of the new nation was that...?
wealthy loyalists had left america.
Johnson's goals for a better America were supported by?
The prosperity resulting from the strong economy.
Where will America be in the next 20 years?
Where America is in the next 20 years depends on the economy, environment, natural disasters, politics, and the stability of other nations.
What does it mean to say the US has a service economy?
Economies have several types of businesses, such as agricultural, manufacturing and service. Agricultural and manufacturing businesses are self-explanatory. Service business are ones that provided services like telephone, sales, medical and the like to the economy. A country's economy is called a service economy if its businesses are predominantly service oriented as opposed to agricultural or manufacturing oriented. The US has more businesses that provide services to the public than farming or manufacturing businesses, therefore it is a service economy.
What was the economy and living conditions like when the europeans came to America?
there was no economy. America was only inhabited by the native Americans. only wild land existed when the europeans arrived.
Is Chile's economy better then Americas?
No. America has the best world economy. Chile has the best economy in SOUTH America.
What are people's lives like in south America?
kind of like what it is in america. only different in some ways like language and economy because all of the world's economies are different
America participates in what type of economy?
America participates in a mixed economy.
Will the economy get better?
Ofcourse. Maybe not anytime soon like everyone would like, but America will get back on its' feet. America might go bankrupt though, if they keep doing wrong things with their economy and keep spending billions of dollars on wars.
Does North America have a mixed economy?
No. It has a market economy.
How did World War 2 effect different countries economy?
it realy affected countries economy it made countries like America control world economy and other countries like third world countries in abadfinancial and cultural condition
What does Barack Obama think about the economy?
Obama loves america and its economy.
Is United States a command and mixed economy?
America is a mixed economy
In the early days of colonial North America which region was considered to have the poorest economy?
New England was considered to have the poorest economy is the earlier times of North America.
Can India overtake America and china in terms of economy?
India will overtake America's economy within 30 years, but the chances of it ever overtaking china's economy is very unlikely.
Richest economy in the world?
America
