Please enable JavaScript.
Coggle requires JavaScript to display documents.
Economic Systems, Economic Sectors - Coggle Diagram
Economic Systems
Command
-
Disavantages of the system: The government's decisions are often not made in the ineterests of the citizens.
Description: The governament controls all sources of wealth, the citizens have little to no finacial freedoms.
-
-
Market
-
Disadvantages: The profit is the only thing driving the business, so they usually avoid taking measures to protect the environment.
In a market economy, producers and consumers make all the decisions. Producers decide what to offer, while consumers decide what to buy.
-
-
Mixed
-
-
Description: Citizens are free to make any decisions, but sometimes, the government will make some decisions to encourage businesses or improve quality of life.
-
-
Economic Sectors
Tertiary
-
-
-
Pic: 
Secondary
-
-
Pic:
-
Quaternary
-
-
-
Pic:
Primary Sector
-
-
-
Pic: