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Economic systems - Coggle Diagram
Economic systems
Mixed
Disadvantages
Fail to protect people and businesses
Decisions
Balanced for the government and the people
Advantages
Can make good decisions with the customers in favor
Example Country
Canada
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Command/Socialism
Disadvantages
Decisions are most likely not in favor of the citizens
Decisions
Good for the government but for anyone else they don’t get a say
Advantages
Pushing to increase economic development
Example Country
Cuba
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Market/Capitalism
Disadvantages
Not protecting environment or social services
Decisions
Very good for both the producers and the customers
Advantages
Prices get kept down to attract customers
Example country
U.S.A
Pic
