What does economic system mean?

Definitions for economic system

Here are all the possible meanings and translations of the word economic system.

Princeton's WordNet

  1. economy, economic system(noun)

    the system of production and distribution and consumption


  1. Economic system

    An economic system is a system for producing, distributing and consuming goods and services, including the combination of the various institutions, agencies, consumers, entities that comprise the economic structure of a given society or community. It also includes how these various agencies and institutions are linked to one another, how information goes between them, and the social relations within the system. A related concept is the mode of production. Among actual economic systems, distinctive methods of analysis have developed, such as socialist economics and Islamic economic jurisprudence. Today the dominant form of economic organization at the global level is based on capitalist mixed economies. Economic systems is the category in the Journal of Economic Literature classification codes that includes the study of such systems. One field that cuts across them is comparative economic systems. Subcategories of different systems there include: ⁕planning, coordination, and reform ⁕productive enterprises; factor and product markets; prices; population ⁕public economics; financial economics


  1. Chaldean Numerology

    The numerical value of economic system in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of economic system in Pythagorean Numerology is: 7

Images & Illustrations of economic system

  1. economic systemeconomic systemeconomic system

Translations for economic system

From our Multilingual Translation Dictionary

Get even more translations for economic system »


Find a translation for the economic system definition in other languages:

Select another language:

Discuss these economic system definitions with the community:

Word of the Day

Would you like us to send you a FREE new word definition delivered to your inbox daily?

Please enter your email address:     


Use the citation below to add this definition to your bibliography:


"economic system." Definitions.net. STANDS4 LLC, 2018. Web. 19 Jan. 2018. <http://www.definitions.net/definition/economic system>.

Are we missing a good definition for economic system? Don't keep it to yourself...

Nearby & related entries:

Alternative searches for economic system:

Thanks for your vote! We truly appreciate your support.