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Economic Systems, Economic Sectors - Coggle Diagram
Economic Systems
Command System
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Description: The government owns all systems of generating wealth, citizens have not economic freedom, Cuba and North Korea.
Picture: 
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Market System
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dis: profit i the motive. so sometimes people get greedy, and so there may lack of protection of the environment.
Description: Producers and consumers decide how they want to make financial decisions, government tries not to interfere.
decisions: producers vs consumers, supply vs demand. Profit.
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Economic Sectors
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Secondary Sector
description: Manufacturing, turning a raw resources into a finished product.
Level of development: Medium development countries, China
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Quaternary Sector
Description: Knowledge economy, data, research, tech, software.
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Level of Development: Very high, USA,
Tertiary Sector
Description: sales, service,
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