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The economic systems in the world - Coggle Diagram
The economic systems in the world
Economic systems
are the ways in which a country...
Organises
its material and human resources
Distributes
Produces
Administers
Economic goods
provide for a high level of well-being
The current systems
Capitalist or market economy
Economy
free market
State
small scale
Production
private property
to work
to hire
Communist or planned economy
Economy
is planned
is centralised
Production
is controlled
State
is the owner of the means of production
Subsistence economy
Production
for self-consumption in the poorest
most isolated areas in the world
Market economy
Definition
the most widespread of the different types
United States
the main model
European Union
variations
the mixed economy
Market economy
private initiative
has led to the creation of...
national companies
multinational companies
economic globalisation
Nowadays
a large part of the global market is controlled
by companies called multinationals
Among the most well-known are:
Apple
Repsol
Microsoft
Movistar
Coca Cola
Volkswagen