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Economic Systems, Economic Sectors - Coggle Diagram
Economic Systems
Mixed
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Advantages: The government can protect the environment, workers, and consumers.
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Goal: The goal is for everyone to make an equal amount of money but it can change depending on the business. Some businesses will pay people more than others.
Capitalism
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Command/Socialism
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Example countries: China, Cuba, North Korea
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Goal: The goal is for everyone to accumulate the same amount of money instead of just one person making all the money even if your job is harder, you still get paid the same.
Economic Sectors
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Quaternary: Focuses of applications of ideas and knowledge. Jobs include software development or being a coder or something related to technology
Example: ExxonMobil uses technology to track where the oil is located because they need to drive trucks over to Texas to grab oil from them for there gas stations. The software system ExxonMobil uses is Dassault Systèmes' simulation software
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