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Economic systems, Economic sectors - Coggle Diagram
Economic systems
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Command/Socialism
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Advantage:The government can focus all of its resources on one goal, such as China's push to increase economic development.
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Market/capitalism
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Advantage:Since many businesses compete for the same market, they would keep the prices down to attract.
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Disadvantage: Because profit is the single driving motive of businesses. They generally avoid taking measures to protect the environment or increase social services.
Economic sectors
Secondary
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Tertiary
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Quaternary
Example: If something is ordered at a superstore, skip the dishes or Uber eats comes to the store and picks up the food. it delivers the food to the address that it is ordered from. you can see where the driver is and how long the order will take along the way
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Description: Works on online selling and AI. Focuses on the application of ideas and knowledge. Data, and software development, coding, BIG DATA
Primary
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