Frameworks for the distribution and allocation of goods and services in a nation or society. Socialism, Capitalism, Feudalism, and Mercantilism are examples of several economic systems. A nation's choice of economic system can produce both positive and negative effects on its internal economy and economic interactions with other nations.
Related information about economic system:
- Economic system - Wikipedia, the free encyclopedia
An economic system is the combination of the various institutions, agencies, consumers, entities (or even sectors as described by some authors) that comprise ...
- What is economic system? definition and meaning
Definition of economic system: An organized way in which a state or nation allocates its resources and apportions goods and services in the national community.
- economic systems -- Britannica Online Encyclopedia
The way in which humankind has arranged for its material provisioning. One would think that there would be a great variety of such systems, corresponding to ...
- Carl Johnston's Economic System Design Page
Economic System Design (ESD) is the study of institutions in the economy, in particular those institutions that sit at the nexus of government policy and the ...
- What is Economic System? - Answers.Ask.com
An economic system can be defined as an organized way in which a state or nation allocates its resources and apportions goods and services i... view more.
- economic system - The Free Dictionary
Noun, 1. economic system - the system of production and distribution and consumption. economy · sector - a social group that forms part of the society or the ...
- Economic system - Gov.cn
Economic system. Economic restructure is one of the most crucial elements of China's reform and opening-up policy. For the first 30 years of the PRC, the ...
- Economic System - China.org.cn
Economic System. Before the founding of the People's Republic of China in 1949 , in this weakened giant of a country with a population of nearly 500 million ...