What does economic system mean?
Definitions for economic system
eco·nom·ic sys·tem
This dictionary definitions page includes all the possible meanings, example usage and translations of the word economic system.
Princeton's WordNet
economy, economic systemnoun
the system of production and distribution and consumption
Wikipedia
Economic system
An economic system, or economic order, is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.
Wikidata
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
Editors Contribution
economic system
All facets of an economy that cocreate as a system.
The economic system is cocreated on the model of social enterprise and sharing for the collective good of all.
Submitted by MaryC on January 20, 2021
Matched Categories
Numerology
Chaldean Numerology
The numerical value of economic system in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of economic system in Pythagorean Numerology is: 7
Examples of economic system in a Sentence
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.
Taking into consideration geographic location, economic system, market size, economic development stage, China-North Korean economic cooperation has advantages that are irreplaceable and hard to replicate.
It updates our economic system, which is not very good, but we are trying to modernize and that is very positive.
The only people ... who would benefit from a decision by the United States not to participate in the TPP would be international competitors, and believe me they would be delighted, we ... have to accept that changes to the global economic system will happen with us or without us.
The NBER's incestuous, fundamental issues that ought to be part of the conversation in our economic system are excluded as if they don't exist.
Translations for economic system
From our Multilingual Translation Dictionary
- sistema econômicoPortuguese
- ระบบเศรษฐกิจThai
- hệ thống kinh tếVietnamese
Get even more translations for economic system »
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"economic system." Definitions.net. STANDS4 LLC, 2024. Web. 6 May 2024. <https://www.definitions.net/definition/economic+system>.
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