Please enable JavaScript.
Coggle requires JavaScript to display documents.
GLOBAL ECONOMIC SYSTEM (MIXED ECONOMY (Cons, Pros, WHAT IS IT ?…
GLOBAL ECONOMIC SYSTEM
MIXED ECONOMY
Cons
Pros
WHAT IS IT ?
Combination of Market & Command Economy thus it be
:star: MIXED ECONOMY :star:
U.S, France, Sweden, Malaysia
MARKET ECONOMY
COMMAND ECONOMY
Disadvantages ?
Struggles to meet the small day to day changes of a society
Requires a large bureaucracy which can be slow to react
Citizens can lose motivation & innovation
Advantages
Change direction of economy in a short period of time
Little to no uncertainty
Cheap public services offered to everyone
example
Definition
WHICH COUNTRY USE THIS SYSTEM ?
