CUBA'S ECON0MY
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Hey,Today I will talk to you about Cuba's economy. Cuba's economy is a command economy. Cuba's economy is decided by their dictator..They make their decisons at their state capital. Cuba's economy do have a few privillages...such as they can sell extra goods . Exactly 90% of Cubans' work for their government. The government set quotas for their farms, and factories, and try to make sure that everyone's needs are met by setting the right quotas. Cuba cannot provide on its own, they trade goods with other countries. Cuba's main good they sell to other countries are sugar canes.They sell this to other countries to purchase oil and natrural gas. Since Cuba can hardly pay for oil and natrual gas, they have to shut down their factories or shut off power in parts of the country to save energy. Cuba's currency are called pesos.Cuba pesos are much stronger than american dollars.Cuba pesos are worth more than american dollars.Cuba literacy rate staics are lower than you think over the past 2 years.Cuba natrual resources has not afftect their economy.Only natrual resoures that has effected their economy are oil and natrual gas.They effect it because factories have to be closed to save energy.In Cuba you can hardly start a buissnes due to the control of their goverment. Sometimes you can start a buissnes but not often. Eunterpuners do affect their economy due to off alot of people moving to Cuba economy . A current event of Cuba is that it was recently a hurricane in Cuba.I did enjoy telling yall about cuba economy.