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tema 5 ECONOMIC SYSTEMS IN THE WORLD 2, image, image, image, image -…
tema 5 ECONOMIC SYSTEMS IN THE WORLD
2
They are the ways in which a country produces, organises, distributes and administers its resources, and the generated goods, in order to provide a high level of well-being.
Current systems 2.1
three economy systems
Communist / planned economy
no private property, only state owned property
practically disappeared
economy planned and centralised by the state
Subsistence economy (survival economy)
based on production for self-consumption
in the poorest and most isolated areas in the world
hardly any economy or social development
Capitalist / market economy
free market economy (supply and demand law)
freedom to work and hire
private property
state intervention low
current economic blocks
New emerging powers
BRICS
tiger cub economies
Lesser tigers
Oil exporting countries
Countries members of OPEC
Traditional powers
Western
Asian tigers
Market economy 2.2
With the private initiative and economic globalisation, has led to the creation of large conpanies (nationals and multinationals)
Global market controlled by the multinationals
Microsoft
Google
Coca-cola
global map of economic blocks
