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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.
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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.
