ECONOMIC SYSTEM MIND MAP
Door susan blunt
1. In the United States the Olympic games are an honor. Athletes compete throughout the year to qualify to be apart of the Olympic games which are only held ever 4 years. The main goal is to receive either the gold, bronze, or silver medal. Because of the abundance of talent sometimes an athlete will not bring home a medal, but the experience is once in a lifetime. The U.S. athlete is celebrate whether they win or lose.
2. An economic system based on freedom of private ownership of the means of production and their operation for profit
3. Less Entrepreneurship; Higher taxes which means it is more difficult to start your own company, or restrict companies from being very dynamic
4. According to socialism, everything that an individual produce is in some sense a social product, and everyone who contributes to the production of good is entitled to share in it.
5. Public education, which equalizes the minimum education for all people, and economic equality such as; minimum wage, social security, and public housing which is a system to reduce poverty.
6. An economic society where everyone in the society equally owns the factors of production.
7. CAPITALISTIC
8. SOCIALISM
9. Communism is a system of social organization based on holding of all property in common. The actual ownership being ascribed to the community as a whole or to the state. In order words the government will place an individual wherever their services are needed most.
9.1. In the United States the Olympic games are an honor. Athletes compete throughout the year to qualify to be apart of the Olympic games which are only held ever 4 years. The main goal is to receive either the gold, bronze, or silver medal. Because of the abundance of talent sometimes an athlete will not bring home a medal, but the experience is once in a lifetime. The U.S. athlete is celebrate whether they win or lose.
9.1.1. In the United States the Olympic games are an honor. Athletes compete throughout the year to qualify to be apart of the Olympic games which are only held ever 4 years. The main goal is to receive either the gold, bronze, or silver medal. Because of the abundance of talent sometimes an athlete will not bring home a medal, but the experience is once in a lifetime. The U.S. athlete is celebrate whether they win or lose.