Please enable JavaScript.
Coggle requires JavaScript to display documents.
economic systems, (primary industry, quintenary industry, tertiary…
economic systems
command systems
-
advantages: the government can focus all of its resources on one goal, such as china's push t increase economic development
PIC: 
-
DESCRIPTION: citizens in these countries have very little economic freedom. the government owns all economic resources and sources of wealth. Cuba, North Korea etc ...
market systems
-
advantages: when many businesses complete for the same market the tend to keep prices low to attract new consumers
-
pic:
description: in the market economy, producers and consumers make all the economic decisions. producers decide what goods and services to offer
mixed system
-
-
-
pic:
description: in a mixed economy, individuals and businesses are free to make many decisions. However, the government makes some decisions to encourage or regulate businesses or to improve people's quality of life
-
-
primary industry
-
-
pic:
-
quintenary industry
-
-
pic:
-
tertiary industry
-
pic:
description: sales, service
example: then Microsoft sends the laptop to there store and then the Microsoft store sells it: Microsoft store
secondary industry
example: yamana gold send the gold to a software company and the company makes a circuit board for a computer: Microsoft
-
pic:
-
-