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The economic systems in the world - Coggle Diagram
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
Capitalism
Based on free market economy.
Supply and demand.
Variation
Mixed Economy.
A greater intervention of the state.
Example
The USA
Comunism
The economy is planned and is centralized in the state.
Private property or initiative doesn't exist.
Example
North Corea
Achieve a collective benefit through policies decyded by the state.
Market economy
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.
Current economic blocks
Traditional Powers
Western
The USA, Canda, the E.U. and Australia
Asian Tigers
OPEC
New emerging powers
BRICS
. Brazil, Russia, India, China and South Africa
Tiger Cub and leser tigers