Based on the readings,what type of economy is described? "The Cuban government has complete control over the economy , and they have not been doing a good job of managing things.The country is nearly bankrupt,and the government continually says that they are making strides towards market reforms but their actions say otherwise." __ (A majority of businesses in Sweden are privately owned and there is a strong welfare state with a significant percentage of national wealth owned by the government."

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Based on the readings,what type of economy is described? "The Cuban government has complete control over the economy , and they have not been doing a good job of managing things.The country is nearly bankrupt,and the government continually says that they are making strides towards market reforms but their actions say otherwise." __ (A majority of businesses in Sweden are privately owned and there is a strong welfare state with a significant percentage of national wealth owned by the government."

Answer 1

###Cuba: Centrally Planned Economy###Sweden: Mixed Economy

Answer 2

##Step 1: Identifying Cuba's Economic System###The Cuban government's complete control over the economy indicates a centrally planned system, where the state dictates production and distribution. This contrasts sharply with market economies where private entities make these decisions.##Step 2: Recognizing Sweden's Economic System###Sweden's predominantly private ownership of businesses, combined with a strong welfare state and significant government ownership of national wealth, points to a mixed economy. This system blends market mechanisms with government intervention and social programs.#

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