The economic systems in the world
The ways in which a country produces, organises, distributes and administers its material and human resources, and the economic goods that these generate.
Current systems
Market economy
Current economic blocks
Capitalism
Comunism
Based on free market economy. Supply and demand.
Variation
Example
The economy is planned and is centralized in the state.
Private property or initiative doesn't exist.
Example
Achieve a collective benefit through policies decyded by the state.
The USA
Mixed Economy. A greater intervention of the state.
North Corea
Throughout private initiative and economic globalisation, has lead to the creation of large companies.
Nowadays a large part of the global market is controled by multinationals. Microsoft, Apple, Movistar...
The most widespread economy type.
Traditional Powers
OPEC
New emerging powers
Western
Asian Tigers
BRICS. Brazil, Russia, India, China and South Africa
Tiger Cub and leser tigers
The USA, Canda, the E.U. and Australia