Does the nation have a free market system characterized

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Reference no: EM133441645

About brazil of Economic Systems:

Type of economy: Is the nation an advanced industrial state, an emerging economy, a transition economy, or a developing nation?

Type of government: Is the nation ruled by a monarchy, a dictatorship, or a tyrant? Is there an autocratic, one-party system? Is the nation dominated by another state, or is it a democracy with a multiparty system? Is it an unstable or terrorist nation?

Trade and capital flows: Is the nation characterized by almost completely free trade or incomplete free trade, and is it part of a trading bloc? Is there a currency board, or are there exchange controls? Is there no trade, or does the government dominate trade possibilities?

The commanding heights: Are these sectors (e.g., the transportation, communications, and energy sectors) state owned and operated? Is there a mix of state and private ownership? Are they all private, with or without controlled prices?

Services provided by the state and funded through taxes. Are pensions, health care, and education provided? Pensions and education but not health care? Do privatized systems dominate?

Institutions: Is the nation characterized by transparency, standards, the absence of corruption, and the presence of a free press and strong courts? Or is corruption a fact of life and the press controlled by the government? Are standards ignored and the court system compromised?

Markets: Does the nation have a free market system characterized by high-risk/high-reward entrepreneurial dynamism? Is it a free market that

Reference no: EM133441645

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