Please enable JavaScript.
Coggle requires JavaScript to display documents.
free, mixed and command economies - Coggle Diagram
free, mixed and command economies
-
free markets
-
-
-
-
weaknesses
-
young, sick and old would struggle
-
-
-
-
Thomas Malthus 1798
said that we will fun out of food and population outstrips the growth of food however he didn't factor in industrial revolution
David Ricardo- introduced the theory of comparitive advantage to explain trade between nations and that they did best when the did what they were best at , everyone benifited
-
-