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THE ECONOMIC SYSTEMS IN THE WORLD, image, image, image, image, image,…
THE ECONOMIC SYSTEMS IN THE WORLD
Economic systems
Produces
Administers material
Human resources
Distributes
Economic goods
Organises
Provide for a high level of well-being
The current systems
Capitalist or market economy
Based
Free market economy
Supply
Demand
Private property
Freedom to work and hire
State intervention on a small scale
Communist or planned economy
Is planned
Centralised by the State
Production
Controlled
Private property and initiative do not exist
Very important in the past
Now disappeared
Subsistence economy
Self-consumption
Poorest and most isolated areas
Market Economy
United States European Union
Variations
Mixed economy
Private initiative Economic globalisation
Large national and multinational companies
Global market
Controlled by
Multinationals
Movistar
Microsoft
Volkswagen
Current Economic Blocks Across The World
Countries with petroleum
Saudi Arabia
Largest producer in the world
Belong to
Organisation of Petroleum Exporting Countries
The Asian Tigers
Technological development since 1970
Asian tigers
Taiwan
Hong Kong
South Korea
Singapore
Tiger club economies
Thailand
Philippines
Malaysia
Indonesia
Vietnam
Brics
Economic organisations
No duties or Tariffs
Most common
Andean Pact
Mercosur
NAFTA
ASEAN
EU
Made up of
Emerging countries
China
India
Russia
Brazil
World economic leaders
Importan
Less global influence
Canada
Australia
Economic leaders
United States
European Union
Japan
