Economic Systems II
People wanting
      shoes
?
Public
Free Market Economy
?
Nike makes more shoes
?
Capitalism
United States
 Labor Laws
?
Private
Nike
?
Decides to produce
10,000 Microwaves
?
Output
Cuba Owns Company
that makes Microwaves
?
Centralized Economy
?
Communism
Decisions Making
Cuba
?
-Pays employees
-Keeps Profits
?
$$$
  Collects Taxes
 to pay for Health
care for their citizens
?
Government
Canada
?
Mixed Economy
Socialism
produces products
  & makes money
      from sales
?
Public
Nike
?
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