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."

##Step 1: Identifying Cuba's Economic System<br />###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.<br />##Step 2: Recognizing Sweden's Economic System<br />###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.<br /><br />#