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Economic System, Economy Sectors, pic, a representation of this system …
Economic System
Mixed
disa: the government sometimes gets wrong, mistakes
dis: individuals or businesses are free to make their own decisions, but sometimes government makes decisions to regulates life qualities
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Economy Sectors
Tertiary
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Development: Countries: Japan, Germany.
Picture:
Description: Sales / Service, retail stores. They Sale products but also repair their products.
Quaternary
Example: Software, Data, internet
Picture:
Description: information technology; media; research and development; information-based services such as information-generation and information-sharing
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Primary
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Level of Development: These are how development countries, Niger, Sudan, Afghanistan
Picture:
Example: Farms, Cut trees
Secondary
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These tent to be medium development countries: India, China, Vietnam
Description: Manufacturing a finished product, factories, produces.
Picture:
pic, a representation of this system
advantages, government can focus on economic
disadvantages, the government makes the better choice for the govern mentors, not the people.
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pic
description: producers and costumers decide how they want to financial decisions, government tries not to interfere
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dis profit the motive so sometimes people get greedy, and so there may lack of protection of the environment
decisions producers vs costumer, supply vs demand profit