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Economic system, economic sectors, economic sectors - Coggle Diagram
Economic system
command
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disadvantages- the governments dissection's are not always made in the best interests for the citizens.
description- the government controllers all the recourses and the citizens have little or no fenchol freedom.
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Market
because profit is the single driving motive of bossiness they generally avoid taking measures to protected the invierment or increase social services.
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when many business compete the same market they tend to keep prices down to bring in more costumers in.
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mixed
the government can make regulation to protected the environment, workers, and consumers
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there is economic freedom for business and consumers, but you haft to fallow some government regulations.
decisions are made by both the government and the consumers. People can make their own decisions, but the government still makes some rules of their own.
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economic sectors
tertiary
Industry that provides services or sells goods, such as accounting or retail stores.
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quaternary
Industry that focuses on the application of ideas and knowledge, such as software development or education.
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