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Economic Systems - Coggle Diagram
Economic Systems
Mixed
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The government controls resources, goods, and services. They make all of the market decisions.
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Command/ Socialism
The government sometimes strikes the wrong balance. Either it fails to encourages people or not protect the people.
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The government can make rules to protect the environment, workers and consumers
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In command economy people and businesses are allowed to make decisions but the governments steps in if it get unbalanced
Market/ Capitalism
s
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Profit is single most important thing
Tend to avoid measures to protect the environment or increase social services
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