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The economic environment - Coggle Diagram
The economic environment
Economic Systems
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is a network of organisations used by society to resolve the basic questions of what, how and for whom to produce.
Mixed economy
the government controls the public sector, the private sector is controlled by supply and demand
Production
is the business activity of using resources, to make goods and provide services.
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Supply chain
is a system of organisation where the three sector form a chain from the extraction of raw materials to the supply of finished goods to the costumer.
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Economic indicators
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Inflation
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to high
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people with fixed income, buy less goods
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Public sector
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Education, Health, defence, transport, electricity
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Deindustrialisation
is a decrease in the importance of industry and manufacturing in the economy and the increase in the importance of the tertiary sector.
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