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