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3855629
Economic System
Description
My mind map for my assignment
No tags specified
economic systems
acc 422 entire course assignments (intermediate financial accounting ii)
eco 550 all assignments
economics
1rst
Mind Map by
Lourdes Gispert
, updated more than 1 year ago
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Created by
Sabrina Chowdhury
over 8 years ago
Copied by
Lourdes Gispert
over 8 years ago
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Resource summary
Economic System
Trade Show System
FrameWorks
the company members go to the market pay to buy materials to manufacture products
-thats money goes to:
Paying taxes to government
Buying products for the store to sell
Oil industry for the car usage
Company sell products
Customers pay to buy product
that money goes to:
Paying back company members expenses
Profit divided by the company members evenly
profit is used to buy other products for personal matters
Paying taxes to government
Employees, Manager
Keep the store running
Everyday Life Systems
Market, Retail Stores, Restaurants
Consumers pay money
- that money goes to:
Employees, Manager
Buying products for the store to sell
Keep the store running
Paying taxes to government
Transportation System
-that money goes to:
Oil Industry
Bus drivers, pilots, air hosts, etc
-transportation manufacturing companies
Government taxes
Education system
-students learn
-Teachers teach
-Government pays teachers' salary
-students' family pay taxes for food, home, etc.
Consumers pay money
Consumers pay money to travel
Media attachments
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