Please enable JavaScript.
Coggle requires JavaScript to display documents.
Capitalism - Coggle Diagram
Capitalism
How much of the commodity is produced in a year
Gold
17.7 billion
/
Year
Corn
$9.82 billion
/
Year
Wheat
$5.13 billion
/
Year
Oil
$71.32 billion
/
year
Soybeans
$22.3 billion
/
Year
Problems with capitalism
Economic inequality
Monopoly
Market failure
Excess materialism
Economic instability
Monopsony
What commodities do the country produce
Oil
Gold
Corn
Wheat
Soybeans
Where are the commodities being exported
United Kingdom
Japan
China
Exported
Mexico
Canada
What countries use the system
USA, Canada, Chile, Germany, UK, Japan, South Korea, Bangladesh, Australia, Hong Kong, Singapore, New Zealand, Switzerland, Ireland, Estonia, United Arab Emirates
Example of the country
USA
What sector is involved in the production
Agriculture Industry
Mining and Oil Industry
How does the system effect economic growth
Capitalism creates competition, people want to get the most money they can and so competition occurs.
Competition leads to the upscaling of the economy
In short, capitalism improves the economy
How efficient is capitalism compared to other systems
Currently some of the richest economies and some of the richest countries in the world use capitalism as their main system
Who runs the sectors
The government owns different companies controlling each of the different sectors