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Describe how one Latin American country is diversifying its economy?
Brazil is diversifying is economy by making machinery, steel, and chemicals and encouraging cotton farming to support a weaving industry.
Why are African countries diversifying there economies?
to add variety to their economy's.
Whats the main source of economy of Brazil?
The main source of economy of Brazil is from Agriculture. Brazil economy is the eighth largest economy in the world.
Is Brazil a traditional economy?
no
What economy does Brazil?
CApitalism, Coorporate
Is Brazil a market or a command economy?
No. Brazil is placed in 150nd in Economic Freedom Index, it's one most closed, regulated and taxes economies of the world. Although Brazil is capitalist, it's a hardcore corporativist and keynesian capitalist model
How has the economy of Luxembourg adjust to the decline of its steel industry?
By diversifying with high-tech and service companies. BTW Follow Me On Instagram Smurfing_Aewsome
How was Brazil's economy before they started to export?
Brazil has always exported what happened was a hit in the domestic economy was not heading in the right way and combined with internal clashes so the economy suffered
What type of economy do Canada and Brazil have?
Brazil's economy is based largely on farming and agriculture. It is, by and large, a free market economy, but there is heavy government subsidization in key industries such as aeronautics (Embraer, for example).
Brazil has the world's economy?
ninth largest
What economy does Brazil use?
CApitalism, Coorporate
What are the Effects of globalization on Brazil economy?
nothing
