Please enable JavaScript.
Coggle requires JavaScript to display documents.
Economic Systems, image - Coggle Diagram
Market/Capitalism
Decision Making: Since everything is driven by product and money, fewer measures are taken to save the environment or increase social stuff
-
Disadvantages: Since everything is driven by product and money, fewer measures are taken to save the environment or increase social stuff
-
Advantages: When many businesses are competing by selling the same product, they are forced to lower prices and increase the quality of their product
Command/Socialism
-
-
-
Advantages: The government can focus all of its money on its one goal such as military or economic growth
-
Mixed
Decision Making: The sellers, consumers and the government make some decisions
-
Disadvantages: The government sometimes does not make the right decisions and fails to encourage buisness and to protect the environment
-
Advantages: The government can make regulations to protect the producer, consumer and even the environment
-
