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Economic systems, Economic sectors - Coggle Diagram
Economic systems
Command/socialism
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Market/Capitalism
Disadvantages: The only motive is money so businesses don't take measures to protect the environment. There is also little to no social services and government control.
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Mixed
Disadvantages: The government cannot balance everything sometimes and will put more attention into one thing than the other which in turn destroys the balance In the economy
Decisions: Producers, Consumers, and the government share control of the economy equally.
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Economic sectors
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EFS(engineered fiber selection) is a cotton logistics, evaluation, and optimization package to improve the profitability of cotton. Manufacturers put this software in place and it gives them a variety of data that they can then use to improve their company.
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