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Economic Systems, Economic Sectors - Coggle Diagram
Economic Systems
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Market
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Profit is the motive so sometimes people get greedy, and so there may lack of protection of the environment
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Producers vs consumers, supply vs demand. Profit
Producers and consumer decide how they want to make financial decisions, government tries not to interfere.
Mixed
Advantages: the government can make regulations to protect the environment, workers and consumer
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Economic Sectors
Primary
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Development: These are lower developed countries Niger, Sudan, Pakistan.
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Secondary
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Development: These tend to be medium development countries: Inda, China, Vietnam
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