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Economic Systems, Economic Sectors - Coggle Diagram
Economic Systems
Command/Socialism
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Decisions: All decision made by the government, usually a dictator
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Market/Capitalism
Disadvantages: Because the market economy only cares about business, there is little care for the environment or social services
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Mixed
Disadvantages: The government sometimes makes the wrong decision. The government might fail to encourage businesses or the people
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Advantages: The government can make some decisions to help regulate businesses and help the environment, workers and consumers
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Economic Sectors
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Quaternary Industry:
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This data can be be used to help Nike decide what items to make and what stores should stock what items
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