0
The economy of Cuba is a largely centrally planned economy dominated by state-run enterprises overseen by the Cuban government, though there remains significant foreign investment and private enterprise in Cuba. Most of the means of production are owned and run by the government, and most of the labor force is employed by the state, although in recent years, the formation of cooperatives and self-employment has been encouraged by the Communist Party.
Cuba has a socialist economic system, where the government owns and controls the means of production. This system aims to ensure economic equality and social justice by providing free healthcare, education, and other basic services to all citizens. However, it faces challenges such as limited access to goods and services due to trade embargoes and inefficient resource allocation.
Add your answer:
Earn +20 pts
What city have this coordinates 23N 82W?
That is Lakeland Florida U.S. Just east of Tampa.
What is Cuba's functional region?
Cuba's functional region includes its capital city, Havana, and the surrounding economic activities, transportation networks, and cultural connections that rely on it as a central hub. This region plays a key role in linking different parts of the country together through trade, communication, and transportation.
How did the US and Cuba become closely linked economically?
The United States and Cuba became closely linked economically through trade and investment, particularly during the early 20th century. The US invested heavily in Cuban industries, such as sugar and tobacco, and became a major trading partner. However, this relationship changed drastically after the Cuban Revolution in 1959, leading to economic sanctions and strained bilateral ties.
Where is Haiti in relation to Cuba?
Haiti is located to the west of Cuba. Cuba lies to the east of Haiti. Both countries are located in the Caribbean Sea.
Which country had a longer coastline Jamaica or cuba?
Cuba is much larger than Jamaica and will therefore have a longer coastline. Cuba has a coastline of 3735 km and Jamaica has a coastline of 1022 km.
What economic system does Cuba operate under?
CUBA USES A COMMUNIST OR COMMAND ECONOMIC SYSTEM.
What type of economic system exists in Cuba?
command economy :D
What type of economic system does Cuba have?
Cuba currently operates under a form of a Communist economic system. Although this has dramatically improved the country in a number of ways, the stubborn sanctions placed on them from the United States have crippled their efforts to a large degree.
What best describes cuba's economic system under Fidel Castro?
It has been a big failure.
What countries have a socialist Economic System?
Cuba, China, France, India, Korea, Portugal, Laos..
How Cuba solve it's economic probelums?
How cuba solve it's economic probelums?
Which situation resulted from the 1959 Cuban Revolution?
Cuba adopted a communistic economic and political system
Who makes the economic decisions of Cuba?
The government of Cuba.
Which country follow capitalist economy system?
There are now almost no countries (except perhaps North Korea and Cuba) that do not basically employ a capitalist economic system. The system of government may be dictatorship or communist but the economic systems have all reverted to capitalistic principles.
What event in 1991 led to an economic crisis in Cuba?
The collapse of the Soviet Union led to the economic crisis of 1991 in Cuba. This was due to the close ties between Cuba and the Soviet Union.
What are Cuba's major economic activities?
tobacco
Name command economic countries?
china cuba.
