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Economic systems, economic sectors - Coggle Diagram
Economic systems
Command system
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advantages the government can put all of there money towards a goal such as reduction of poverty (China
description citosins in these countries have very little economic freedom the government controls all the wealth and resources. Cuba, North Korea
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disadvantages the citizens may not like the disigons that the government makes but the people can't do anything about it
Market systems
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description The consumers and the producers make all of the decisions regarding goods and services. The people disid how they want to spend their money.
disadvantages The companies poket most of the profit and do not try and take measures to protect the environment
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Mixed sytem
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description in the mixed economy the the people and the businesses are free to make many decisions but not all. The government will set rules for the companies to follow.
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economic sectors
Primary sector
picture
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Secondary sector
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Tertiary sector
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quaternary sector
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Shell is investing in lower carbon technologie and helping with solar, and wind energy.
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