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The words economy's - Coggle Diagram
The words economy's
Mixed
Advantage
Government has some control so they can makes changes to protect environment. You also have more control over your own money and choices as long as you pay taxes.
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Decision
Everyone, the government, the producer, and the consumer all have influence
Countries
Most countries are mixed but will lean one way or another: some mixed economies are France, Germany, and Italy.
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Market
Advantage
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Market economies provide only basic services: defense, infrastructure, police. Therefore citizens pay less tax.
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Disadvantage
Profit Is the major motivator, so things like protecting the environment, or workers, or social services don't exist.
Cost of many services like education, health care, is high.
Often results in a BIG gap between rich and poor, with most citizens having less money
Decisions
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If a company thinks they can make a profit creating a product, they do it,
If you think the price for a product is fair, you buy it.
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