What type of economic system does Brazil have?
Economywatch.com describes Brazil's economy as a free market that is "organized along capitalist lines." Beginning in 2006, Brazil's economy became the largest in South America and ninth largest in the world as measured by purchasing power parity
The economy seemed to blossom fully in 2010 as the middle classes expanded significantly, and Cardoso's dream of foreign investment came true. Unfortunately, the growth did not appear sustainable as the government was unprepared to support the needs of the ever-growing middle class, and foreign investment leveled off.