This chart is intended to provide a summary of some of the major economic systems discussed in Global History, including nomads, subsistence farmers, manorialism, mercantilism, capitalism, and communism.
For each economic system, the following questions are answered:
- What goods and services shall be produced and in what quanitities?
- How shall goods and services be produced?
- For whom shall goods and services be produced?
Economic Systems Chart: Characteristics of Economic Systems by Leif R