Please enable JavaScript.
Coggle requires JavaScript to display documents.
Types of Economies (((Most governments around the world (including the…
Types of Economies
-
-
-
Typically includes nationwide transportation, public utilities, and central banking as well as other consumer “needs”
-
-
-
Decisions about how to use reasources, traditional way
-
People who follow this type of economy are tribes located in the Amazon Rainforest, Alaska, and some African tribes
Regulates around supply, demand, and price
-
In a free market economy, resources are owned by private individuals not by the government. The forces of supply and demand decide who will produce what and for whom.
-
-
-
-
-
-
-