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The economic systems in the world - Coggle Diagram
The economic systems in the world
Definition
the way materials and human resources are:
organised
distributed
produced
administed
the economyc goods they generate
to provide a high level of well-being
current economyc blocks across the world
World economic leaders
United States
European Union
Japan
have developed economyes but less global influence
Canada
Australia
The Asian Tigers
created by
technological development
growth of some countries
since 1970
composed of
South Korea
Taiwan
Hong Kong
Singapore
Tiger Cub Economies
Indonesia
Philippines
Vietnam
Thailand
Countries with petroleum
OPEC
Organisation of Petroleum Exporting Countries
headed by Saudi Arabia
BRICS
emerging countries
Russia
India
Brazil
China
South Africa
organisations of countries that share ecoonomic/cultural ties
offer assistance and have same politic ideas
No taxes within borders
organisations
NAFTA
North American Free Trade Agreement
Canada
Mexico
United Estates
Mercosur
Argentina
Brazil
Paraguay
Uruguay
Venezuela
Bolivia
EU
European Union
ASEAN
Andean Pact and the Association of Southeast Asian Nations
the current systems
Capitalits or markert economy
based on
free market economy
suplly
the amount of a specific product
demand
the amount of people that want a product
private property
companies
freedome to work and hire
small state intervention
economyc globalisation
variation
mixed economy
great intervention of the State
regulating some prices
providing social well-being
establishing laws
Subsistence economy
based on self-consumption
in the poorest and most isolated areas
luck of
separation of work/mechanisation
economyc and social developmnet
Communist or planned economy
the State has got all the power
contrelles production process
owns it
no iniciative or private properties
collective benefit
through polices
very important in the past
practically disappeared since
break of Sviert Union (1991)
Market economy
is the current most used economyc type
United States (main model)
led to large multinational companies
trough
private initiative
economic globalisation
