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VictorVictor
VictorVictor asks:
Q:

How do economic systems influence industries across the world?

Geography, current, different world economies
In Topics: Public School, Tests (preparing, taking, anxiety!), Science fair
> 60 days ago

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Expert

greenprof2
Jul 10, 2014
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What the Expert Says:

The main economic systems are capitalism and socialism. In the former most industries are owned privately or by stockholders and the goal is to make profits for the owners or shareholders. In the latter the common good for all (society) is the chief goal. The diffeRent goals influence the operation of the industry.

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