Question

What kind of economy does the United States have, and how is it different from Cuba’s economy?

Answer 1

The United States economy is mixed economy. It is different from Cuba's economy because in the United States it braces freedom and also allows for government intervention for the public good. But Cuba's economy exchanges goods for good's.

The USA had a Capitalist Economy. It is different from Cuba's economy because Cuba's Economy is Communist.

Step-by-step explanation:

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Answer 2

Answer: The united states has a capitalistic economy, and Cuba has a socialist economy.

Explanation: The US's economy is different from Cuba's because in a capitalistic economy, people get to decide how to run their life and business, meaning they have control over how much a product costs, where it comes from and where they send it to.

This of course is an advantage to the owners, who make money and profit off of their business, but a disadvantage to the workers, since they make less money and are often overworked.

Cuba's economy however is much different because in a socialist country, everyone is treated 'equally' and the government gets to decide the cost of a product in attempt to make it accessible to everyone who needs it. No business is privately owned in a country who follows socialism.