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Economics - Coggle Diagram
Economics
services
Education
entertainments
cleaning
internet
insurance
Needs
Shelter
Medicine
Food
water
Wants
TV
figurines
Phone
Goods
Cars
Primary sectors
Fishing
Hunting
Farming
Secondary sectors
Industrial
Construction
Manufacturing
Tertiary sector
Retail
Consultancy
Transportation
Quaternary sectors
Technology development
Education
Research
consumers
Consumer goods
convenience products
shopping products
Producers
Florist
Baker
farmer
Economies
Mixed Economy
economic freedom
private property
planned economy
Example
Germany
France
Japan
Market Economy
public goods
private ownership
Determined by supply and demand
Example
Canada
UK
Japan
USA
Command economy
limited property rights
robust black market
government control wage/pricing
government controls most industries
Example
Cuba
Nazi
North korea
Traditional Economy
Create own clothes
Create own shelter
Create own food
Example
Alaska
Denmark territory of greenland
Native Americans
Haiti
Demand
Demand factors
change in taste
change in preference
raised price
availability of goods
Autonomous demand
Housing
Food
Clothing
Vehicles