Industrial and Economic Development

Market Economy

Command Economy

Traditional Economy

Mixed Economy

Increased resource depletion

Cheaper and more available goods

Decreased global trade

Reduced urbanization

The process of deindustrialization in a region

The grouping of activities for mutual benefit

The shift from mass production to customized production

The control of a country by a more powerful outside force

Mass production of standardized goods

Centralized decision-making

Flexible and customized production

Large-scale inventory storage

The establishment of formal colonies in new territories

The use of military force to control other countries

The economic and political control of a country by a more powerful outside force

The promotion of free trade and open markets

Market economies prioritize agriculture, while command economies focus on industry.

Market economies are driven by supply and demand, while command economies are controlled by the government.

Market economies encourage international trade, while command economies are self-sufficient.

Market economies emphasize sustainable development, while command economies prioritize rapid growth.

The decline of agricultural production

The discovery of new sources of raw materials and the invention of the steam engine

The implementation of strict government regulations on trade

The widespread adoption of sustainable development practices

Access to international markets

Availability of natural resources and transportation infrastructure

Government subsidies and tax breaks

A highly educated workforce

Post-Fordist production relies on mass production, while Fordist production emphasizes customization.

Post-Fordist production utilizes just-in-time delivery, while Fordist production relies on large-scale inventory storage.

Post-Fordist production is centralized, while Fordist production is decentralized.

Post-Fordist production is labor-intensive, while Fordist production is capital-intensive.

A country imposing tariffs on imported goods to protect its domestic industries

A multinational corporation exploiting resources in a developing country while exerting political influence

A country providing foreign aid to another country to improve its infrastructure

A country engaging in free trade agreements with other countries