Successfully reported this slideshow.
Your SlideShare is downloading. ×

Economic System.pdf

Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Loading in …3
×

Check these out next

1 of 10 Ad

More Related Content

Recently uploaded (20)

Advertisement

Economic System.pdf

  1. 1. ECONOMIC SYSTEM By: Nurul Aliyah 11022100081 Siti Aniroh 11022100096 Indiani 11022100091
  2. 2. What is an economic system The method used by a society to produce and distribute goods and services. or How the government tells us what we can get and how to get it!
  3. 3. Types Of Economic System Command Economic System Market Economic System Mixed Economic System 1. 2. 3.
  4. 4. Command Economic System In other words, command economies are authoritarian economic structures in which a political or social hierarchy is solely responsible for making decisions about the economy. The decisions made by these leaders are followed by players throughout the economy, all the way down to individual laborers.
  5. 5. A market economy is a system where the laws of supply and demand direct the production of goods and services. Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government. Market Economic System
  6. 6. A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims. Mixed Economic System
  7. 7. EXample of the country and situation
  8. 8. Malaysia mixes two economic systems which they call a self-sufficient economic system and a commercial economic system. The economic system means the fulfillment of daily needs through farming, gardening, and fishing. If there is excess production, it will be sold in the market. While the commercial economic system refers to an economic system in which there is foreign investment and investment. Apart from the countries above, there are still mixed economic systems such as, among others; Iceland, Sweden, Great Britain, France and more. In countries that adopt this economic system, private companies and state-owned companies will be established, both of which will jointly drive the economy. Type Economic System In Malaysia
  9. 9. The point is Economic systems are organized way in which a state or nation allocates its resources and apportions goods and services in national community. An economic system is slackly defined as country's plan for its services, goods produced, and the exact economic plan is carried out. way in which its Conclusion
  10. 10. Thank's

×