Economic Systems
Command System
Market System
Mixed System
Decisions: Government, Dictator
Advantages: Government can focus all resources one on major:
Description: Citizens in these countries have very little economic freedom. The Government owns all economic resources and sources of wealth. Cuba, North Korea
pic: 
Disadvantages: May tend to make decisions benefit gov more than the citizens
Disadvantages: Can end up with a monopoly situation - one company becomes huge and dominates the others.
click to edit
Advantage: When business are in competition they compete and prices come down for consumers.
click to edit
Decisions are made by producers and consumers./ supply and demand. decisions are motivated by profit
dis
description: there is economic freedom for business and consumers, but you have to follow some government regulation
Ad
who makes economic decisions
Pic
Economic Sectors
Primary: agriculture,Natural Resources, Raw Materials
Secondary: Manufacturing.
Tertiary: providing a service./sales
Quaternary: ideas, knowledge, software, data, research.
click to edit
Example:Forestry
Picture
Development: Low development countries, Niger, Afghanistan
development: Medium development countries, China, India, Vietnam
example:Furniture
pic
click to edit
example: Leon's
click to edit
development
The Mckinsey company : research advacned ways to use data to harveest trees more susteainbly, and better trap crbon to fight climate change
pic