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Economic System of Italy
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Economic System of Italy
By: Juliette Macare
Characteristics of Italy
Population
Italy's population is 60.38 million(2019). The average life expectancy in a women in Italy is 86 years and in men it is 81.6 years. The growth rate is -0.15% and has been decreasing for the past several years.
Population
Type of Government
Type of
Government
Italy is a democratic republic in June of 1946 with its constitution. The president of Italy is elected by both sides of Italy's parliament and serves a seven year term and can be a re-elected after the first term. The legislative branch of government in Italy consists of parliament. The Italian Parliament consists of 630 members of constituencies in the Chamber of Deputies and 315 members represent regions in the Senate. The Judicial branch of government is the Supreme Court.
Economy
Italy's GPD growth has been very weak over the last several years. Italy's northern parts are very developed where as in the southern part the it is mostly agriculture and the unemployment rate is higher. Until the early 1990's Italy was mixed and the economy was set up like a pyramid.
Economy
Economic Systems
For whom will be it be produced?
Many of the products that Italy make are exported to the surrounding European countries. They do keep some of the products for there own country but they also import a lot of products.
How will it be produced?
Many of the products made and produce in Italy are made by machine. Some of the fashion items that they sell are made by hand but still use some machines.
Italy has a market economy. They make a lot of chemicals, automobiles and machinery. They also produce a lot of clothing and fashion items which helps keep their economy afloat.
What will be produced?
Protecting
Governments Motives
Competitors
In Italy there a protective measures in place to keep any company from establishing a monopoly on the italian market. They do this by having a company called the Italian Competition Authority that supervise all of the companies that are in Italy and work with Italy.
Consumers
Italy is teaching kids in their schools systems about climate change and the effects of it. They are also teaching them about sustainability all around the world.