Please enable JavaScript.
Coggle requires JavaScript to display documents.
Economic Systems, Page 176-177 (Command System / Socialism (Cons:…
Economic Systems, Page 176-177
-
-
Mixed Economy
Cons: The government can add the wrong balance, it can fail to protect the people or environment.
Description: The government can improve the business, people quality of life, and the environment.
Pros: The government can protect everything in the area. (Environment, Workers and Consumers)
-
Sectors of an Economy, textbook, pages 178
-
Secondary
Industries that uses natural resources to make consumer products, such as packaging for food.
Ex. After the oil is processed, a manufacturer makes Styrofoam out of the oil. The Styrofoam is sold to restaurants and packaging companies.
-
-
Quaternary
-
Ex. Scientists is researching ways to recycle Styrofoam due to it can only be decomposed after 1 million years.
-
