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Economic Systems (Mixed System (The government can make regulations to…
Economic Systems
Mixed System
The government can make regulations to protect the environment, workers, and the consumers.
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Individuals and businesses are free to make many decisions. However, the government also makes some decisions to encourage or regulate businesses or to improve quality of life.
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Market System/Capitalism
When many businesses compete for the same market, they will keep the prices down to attract consumers
since they focus so much on the economic system, they lack in environmental protection.
Producers and consumers make all economic decisions. Produce decide what goods/services they will offer. Consumers can spend their money however they would like. The government might provide things like National Defence, but not own and run industries.
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ECONOMIC SECTORS
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Primary: This is the farming industry, they get all there resources from nature. 
Quaternary: This industry is focused on knowledge and research like software development or education.
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