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ECONOMIC SYSTEMS, image, image, image, image, image, image, image - Coggle…
ECONOMIC SYSTEMS
tradition-based economic systems
developed economic
sistems based on
beliefs
laws
customs
artesans in cities
formed
guilds
production is
costantly changing
due technological innovations
societies experiented little change
there are groups of people
whose economic activities
are still based
on tradition
masai
hierarchical sistem
yanomami
men hunt
women farm
penan people of malaysia
they are hunters
share everithing
inuit
nomadic people
based on hunting
and fishing
consume only what
they produce
capitalism
private ownership
free market
investment of capital
mixed economy system
what is produced
is determinate by
free market
state
produced by the companies
at the lowest price
and by the state
is produced by the market
but state takes part to
guarantee equal opportunities
free market
prices are stabilished by
supply and demand
are produced at the
less price possible
paying the lowest possible
