What does economic system mean?

Definitions for economic system
eco·nom·ic sys·tem

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

Princeton's WordNet

  1. economy, economic systemnoun

    the system of production and distribution and consumption

Freebase

  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

Editors Contribution

  1. 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

How to pronounce economic system?

How to say economic system in sign language?

Numerology

  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

Examples of economic system in a Sentence

  1. Med Jones:

    One quick and effective solution to the global economic crisis is a global economic and political reset. A global economic reset means that world leaders can come together to agree on debt forgiveness to all nations and restructuring of the global economy. Friends and enemies alike, no exceptions. To be fair to nations with lesser debts, they could be compensated on a ratio basis to enjoy treasury surpluses. A new international trade and reserve currency will probably be established to create a fair global economic system and to implement the reset. This could bring a new era of global prosperity and socioeconomic exchange. This is a much better alternative than currency wars, international hostilities and continuous risks of global socioeconomic shocks.

  2. Ehsan Sehgal:

    The leaders of power or opposition leaders, if they chose, and adopt such actions that, break law and order and cause the dangers to the national interests, institutions, security, and economic system are neither sincere to the nation, nor loyal to the state.

  3. Le Hong Hiep:

    Le Duan was a hardcore communist, an old guard of the Leninist political and economic system, after his demise, no single politician could command such a level of control. Instead, the politburo took over and became the most important decision maker, albeit on a consensus basis.

  4. Westwood One:

    Its happening right before our eyes, and its going to destroy the country, as they try to push us into a socialistic economic system and destroy whats left of our constitutional system, its been a subterfuge to undermine our constitutional system, to undermine our capitalist system, and to create this almost zen-like support for this radical agenda -- which hasas its purposeto destroy many of our freedom institutions in this country.

  5. State John Kerry on Tuesday:

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

Images & Illustrations of economic system

  1. economic systemeconomic systemeconomic systemeconomic systemeconomic system


Translations for economic system

From our Multilingual Translation Dictionary

Get even more translations for economic system »

Translation

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

Select another language:

  • - Select -
  • 简体中文 (Chinese - Simplified)
  • 繁體中文 (Chinese - Traditional)
  • Español (Spanish)
  • Esperanto (Esperanto)
  • 日本語 (Japanese)
  • Português (Portuguese)
  • Deutsch (German)
  • العربية (Arabic)
  • Français (French)
  • Русский (Russian)
  • ಕನ್ನಡ (Kannada)
  • 한국어 (Korean)
  • עברית (Hebrew)
  • Gaeilge (Irish)
  • Українська (Ukrainian)
  • اردو (Urdu)
  • Magyar (Hungarian)
  • मानक हिन्दी (Hindi)
  • Indonesia (Indonesian)
  • Italiano (Italian)
  • தமிழ் (Tamil)
  • Türkçe (Turkish)
  • తెలుగు (Telugu)
  • ภาษาไทย (Thai)
  • Tiếng Việt (Vietnamese)
  • Čeština (Czech)
  • Polski (Polish)
  • Bahasa Indonesia (Indonesian)
  • Românește (Romanian)
  • Nederlands (Dutch)
  • Ελληνικά (Greek)
  • Latinum (Latin)
  • Svenska (Swedish)
  • Dansk (Danish)
  • Suomi (Finnish)
  • فارسی (Persian)
  • ייִדיש (Yiddish)
  • հայերեն (Armenian)
  • Norsk (Norwegian)
  • English (English)

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:


Discuss these economic system definitions with the community:

0 Comments

    Citation

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

    Style:MLAChicagoAPA

    "economic system." Definitions.net. STANDS4 LLC, 2022. Web. 28 Jan. 2022. <https://www.definitions.net/definition/economic+system>.

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

    Browse Definitions.net

    Free, no signup required:

    Add to Chrome

    Get instant definitions for any word that hits you anywhere on the web!

    Free, no signup required:

    Add to Firefox

    Get instant definitions for any word that hits you anywhere on the web!

    Quiz

    Are you a words master?

    »
    assist or encourage, usually in some wrongdoing
    • A. caddie
    • B. abet
    • C. exacerbate
    • D. huff

    Nearby & related entries:

    Alternative searches for economic system: