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

Sample Sentences & Example Usage

  1. State John Kerry on Tuesday:

    We ... have to accept that changes to the global economic system will happen with us or without us.

  2. Raoul Vaneigem:

    Daily life is governed by an economic system in which the production and consumption of insults tends to balance out.

  3. Louis Marinelli:

    As I have stated in the past, I do not wish to live under the American flag, i do not wish to live under the American political system or within the American economic system.

  4. Michael Lind:

    You have to address race, but you can't address race only, you have to address class and the economic system. Even if you got rid of racism, the Southern economic model still exists. It's unchanged.

  5. Mike Huckabee:

    Israel is more than an American ally, she is a mirror image of America in commitment to religious liberty, women's rights, free speech, elected government and an economic system based on free enterprise.

Images & Illustrations of economic system

  1. economic systemeconomic systemeconomic system

Translations for economic system

From our Multilingual Translation Dictionary

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