Latin America is a region composed of many countries. As such, each individual country has a different kind of government and economy. Some examples include:
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Brazil
probably Ecuador
It is the second largest economy after Brazil, and roughly represents 25% of the region's GDP.
There are not many Market Economy countries, but the United States is rumored to be one. :)
Mining, Agriculture, and Shipping
Latin America is a region and does not have a government. The individual countries that are in Latin America have democracies for the most part.
yes
Brazil
Brazil does (2.1 trillion)
probably Ecuador
Because they were counted as part of the European economy. At the time, Latin America was a colony of the Spanish, French and Portuguese empires.
Brazil is the largest economy in Latin America, in terms of volume (US$2.09 trillion)
They are mostly a farming economy and if the weather is bad it effects the plants.
European nations practiced a mercantilistic system in latin America
Colombia is a country, and it was one of the first in Latin/Soulth America that had a democratically elected government. The current president is Álvaro Uribe Vélez
It is the second largest economy after Brazil, and roughly represents 25% of the region's GDP.
Bolivia is the poorest country in Latin America