2421724
Description
Mind Map by Antonio Espinoza, updated more than 1 year ago
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Created by Antonio Espinoza
over 9 years ago
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ECONOMICS SYSTEM
- COMPRISED OF THR VARIOUS PROCESSES
- ORGANIZING AND
MOTIVATING LABOR
- PRODUCING, CIRCULATING,
AND DISTRIBUTING OF THE
FRUITS OF HUMAN LABOR
- PRODUCTS AND SERVICES,
CONSUMER GOODS,
MACHINES, TOOLS, AND
OTHER THECNOLOGY
- USED AS INPUTS TO FUTURE PRODUCTION
- USED AS INPUTS TO FUTURE PRODUCTION
- INFRASTRUCTURE WITHIN
AND THROUGH WICH
PRODUCTION, DISTRIBUTION
AND CIRCULATION OCCURS
- ORGANIZING AND
MOTIVATING LABOR
- DETERMINED BY THE
POLITICAL, CULTURAL, AND
ENVIROMENTAL CONDITIONS
- USUALLY DEFINED WITHIN
DETERMINATE POLITICAL
BOUNDARIES
- IS THE WAY IN WICH
- PRODUCTION
- CONSUMPTION
- DISTRIBUTION
- OF GOOD AND
SERVICES ARE
ORGANIZED
- OF GOOD AND
SERVICES ARE
ORGANIZED
- PRODUCTION
- TYPES
- MARKET
- PEOPLE ACT VOLUNTARY
- FOR FINANCIAL GAIN
- PERSONAL SATISFACTION
- FOR FINANCIAL GAIN
- FIRMS BUY FACTORS
- PRODUCE OUTPUTS IN A WAY
THAT WILL MAXIMIZE THEIR
PROFITS
- PRODUCE OUTPUTS IN A WAY
THAT WILL MAXIMIZE THEIR
PROFITS
- CONCUMER SUPPLY
FACTORS AND BUY
CONSUMER GOODS
- MAXIMIZE THEIR SATISFACTION
- MAXIMIZE THEIR SATISFACTION
- AGREEMENTS ON
PRODUCTION AND
CONSUMPTION ARE MADE
VOLUNTARY
- USA
- PEOPLE ACT VOLUNTARY
- COMMAND
- DECISIONS
MADE BY THE
GOVERNMENT
BUREAUCRACY
- THE PLANNING
BUREAUCRACY
DETERMINES THE
THREE ECONOMIC
QUESTIONS
- PEOPLE LINKED
BY A VERTICAL
RELATIONSHIP
- CONTROL IS HIERARCHY
- CONTROL IS HIERARCHY
- NORTH KOREA
- DECISIONS
MADE BY THE
GOVERNMENT
BUREAUCRACY
- MIXED
- FREE
ECONOMIC
ACTIVITY
- SOME
GOVERNMENT
INTERVENTION AND
REGULATION
- FREE
ECONOMIC
ACTIVITY
- TRADITIONAL
- AUSTRALINA
ABORIGINES
- AUSTRALINA
ABORIGINES
- MARKET
- CAPITALISM
- CHARACTERIZED BY
PRIVATE OWNERSHIP OF
RESOURCES AND
MARKETS
- MUST HAVE
- PRIVATE
OWNERSHIP OF
RESOURCES
- DECENTRALIZED DECISION
MAKING USING MARKETS
- PRIVATE
OWNERSHIP OF
RESOURCES
- WEAKNESS
- UNEQUAL
DISTRIBUTION
OF INCOME
- FAILURE TO PROTECT
ENVIROMENT
- UNEQUAL
DISTRIBUTION
OF INCOME
- STRENGTHS
- ECONOMIC EFFICIENCY
- ECONOMIC FREEDOM
- ECONOMIC EFFICIENCY
- CHARACTERIZED BY
PRIVATE OWNERSHIP OF
RESOURCES AND
MARKETS
- SOCIALISM
- GOVERNMENT OWNERSHIP OF
RESOURCES AND CENTRALIZED
DECISION MAKING
- ALSO CALLED
COMMAND SOCIALISM
- COMMAND SYSTEM
OWNS AND CONTROLS
THE MAJOR INDUSTRIES
- STEEL
- ELECTRICITY
- AGRICULTURE
- FREE MARKETS CAN EXIST IN FARMING, RETAIL
TRADE, AND CERTAIN SERVICES AREAS
- STEEL
- STRENGTHS
- EQUITABLE
DISTRIBUTION OF
INCOME
- RAPID ECONOMIC GROWTH
- EQUITABLE
DISTRIBUTION OF
INCOME
- WEAKNESS
- ECONOMIC INEFFICIENCY
- GOVERNMENT
BUREAUCRATS
- ECONOMIC INEFFICIENCY
- GOVERNMENT OWNERSHIP OF
RESOURCES AND CENTRALIZED
DECISION MAKING
- WITHIN THE ECONOMIC
SYSTEM WE CAN FIND
- PRODUCING UNITS
- MARKETS
- RESOURCES
- ECONOMIC SECTORS
- PRIMARY
- ACTIVITIES WHICH ARE
DEVELOPED THROUGH THE
NATURAL RESOURCES OF A
COUNTRY
- ACTIVITIES WHICH ARE
DEVELOPED THROUGH THE
NATURAL RESOURCES OF A
COUNTRY
- SECONDARY
- INDUSTRIAL ACTIVITIES
THROUGH WICH RAW
MATERIALS ARE
TRANSFORMED INTO
PRUDUCTS
- INDUSTRIAL ACTIVITIES
THROUGH WICH RAW
MATERIALS ARE
TRANSFORMED INTO
PRUDUCTS
- TERCIARY
- ALL ECONOMIC
ACTIVITIES WHICH
ARE PERFORMED
BY SERVICES
- ALL ECONOMIC
ACTIVITIES WHICH
ARE PERFORMED
BY SERVICES
- PRIMARY
- PRODUCING UNITS
- FACTORS OF PRODUCTION
- LAND
- LABOUR
- CAPITAL
- ENTREPRENEURIAL
SKILLS
- LAND
- ECONOMIC
AGENTS
- INDIVIDUALS
- HOUSEHOLDS
- FIRMS
- GOVERNMENT
- THE REST OF
THE WORLD
- INDIVIDUALS
- DISTRIBUTION OF
RESOURCES DEPENDS ON
THE ECONOMIC SECTOR
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