Please enable JavaScript.
Coggle requires JavaScript to display documents.
ECONOMIC SYSTEMS IN THE WORLD, image, image, image, image, image, image,…
ECONOMIC SYSTEMS IN THE WORLD
ECONOMIC SYSTEMS
What are they?
the ways a country produces goods
to provide a high level of well being
Current systems
Market economy
private property
supply and demand
state intervention on small scale
Communist economy
state is the owner of everything
no private property
initiative doesn't exist
very important system in the past
Subsistence economy
based on self consumption
in more isolated plasces
no economic development
MARKET ECONOMY
Models
USA
Some countries of Eurpean Union
Thanks to this economy
multinational companies
markets are controlled by large companies
