Brazil's Economic System
What is the country that you are researching:Type your answer below. Please use full sentences
Write a brief summary of the economic system of the country: Identify and explain the type of economic system. Brazil's has a market economy. Production, investment and distribution are all determined on the market. This means that the economy is based on supply and demand and prices of goods and services. Brazil's economy is characterized by well developed agriculture and large product manufacturing and a rapidly growing middle class. The economies debt has been reduced due to the type of economic system they possess. Brazil is currently working towards strengthening their government and workforce through foreign business to better education. The economy is organized along lines of capitalists. Brazil is the largest country in South America to be so successful so quickly. They are known to be measured by purchasing power parity.
Select three key economic indicators such as poverty rates, labor distribution, use of resources, etc. and analyze what this information says about the country, how does it compare to other countries, change over time, etc.Three key indicators of Brazil's economy are the monthly balance of trade, yearly population and yearly tourist arrivals. The information I found through the tradingeconomics.com said that the monthly balance of trade was at 3803 USD million, the yearly population was at 204 million and the yearly tourist arrivals was at 5813 thousand. This indicates completely that Brazil possess' a market economy. A great example of that is the high number of tourists that visit Brazil. This exemplifies how their demand is based on supply and demand and prices of goods. In comparison to other countries, Brazil has leading numbers within South America but is behind compared to other countries such as the United States, Europe and China. Although this is true, Brazil still increases economically for the most part over time.
Identify the GDP - per capita for the country.
$15,600 (2015 est.)
$16,400 (2014 est.)
$16,500 (2013 est.)
Write a brief summary of the economic system of the country: Identify and explain the type of economic system. Brazil's has a market economy. Production, investment and distribution are all determined on the market. This means that the economy is based on supply and demand and prices of goods and services. Brazil's economy is characterized by well developed agriculture and large product manufacturing and a rapidly growing middle class. The economies debt has been reduced due to the type of economic system they possess. Brazil is currently working towards strengthening their government and workforce through foreign business to better education. The economy is organized along lines of capitalists. Brazil is the largest country in South America to be so successful so quickly. They are known to be measured by purchasing power parity.
Select three key economic indicators such as poverty rates, labor distribution, use of resources, etc. and analyze what this information says about the country, how does it compare to other countries, change over time, etc.Three key indicators of Brazil's economy are the monthly balance of trade, yearly population and yearly tourist arrivals. The information I found through the tradingeconomics.com said that the monthly balance of trade was at 3803 USD million, the yearly population was at 204 million and the yearly tourist arrivals was at 5813 thousand. This indicates completely that Brazil possess' a market economy. A great example of that is the high number of tourists that visit Brazil. This exemplifies how their demand is based on supply and demand and prices of goods. In comparison to other countries, Brazil has leading numbers within South America but is behind compared to other countries such as the United States, Europe and China. Although this is true, Brazil still increases economically for the most part over time.
Identify the GDP - per capita for the country.
$15,600 (2015 est.)
$16,400 (2014 est.)
$16,500 (2013 est.)
Economic Resources
- What will be produced with your country's resources? The most significant resources produced are coffee, soybeans, wheat, rice, corn, citrus, sugar and beef
- How will these goods be produced? These goods are produced through farming and large developed crops in agricultural areas.
- Who will use these goods? These goods will be used locally, all over the world in other countries and even within South America.
- Will these goods be exported? The only main exports of the resources produced are coffee, sugar, soybeans and beef.