Answer :-
Brazil is located in southern hemisphere. Brazil has competitive
productive structure where both private sector and public sector
works together. In such a system state plays the role of
facilitator and leader. The production structure is determined by
the joint forces of demand and supply. In such system market
players interact and determine the equilibrium.
Brazil is rich in natural resources and has plentiful resources. However due to colonisation it's vast resources are used for development of colonisers. Institutions developed in colonial period hampers the development process but government is working to restructure these institutions to remove bureaucratic corruption and make economy more competitive and more productive .
4. In regards to Brazil - briefly describe the productive structure of the economy, how it...
Briefly explain how fiscal policy affected the aggregate demand and aggregate supply in economy by using one of the productive sector in Malaysia as an example.
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