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THE ECONOMIC SYSTEMS IN THE WORLD - Coggle Diagram
THE ECONOMIC SYSTEMS IN THE WORLD
Country
Produces
Organises
Distributes
Administers
The economic goods generate
To provide
High level of Well-being
THE CURRENT SYSTEMS
Capitalist or market economy
Private property
Individual
Companies
Freedom to work
Free market economy
Supply
Demand
State intervention
Small scale
Communist or planned economy
State
Do not exist
Private property
Initiative
Only State owned properties
Objective
Achieve collective benefit
Through policies decided by the State
Economy
Centralised
Controlled
Planned
It has practically disappeared
Subsistence economy
Production
For self-consumption
Poorest
The most isolated areas
No separation of work or mechanisation
hardly economic or social development
MARKET ECONOMY
Through
Private initiative
Economic Globalisation
Creation
Multinational Companies
Act outside of their country
Through affiliated companies
Employ thousands people
Most well-known
Apple
Microsoft
Coca Cola
Repsol
Movistar