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Economic system

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  1. a system that involves the production, distribution and consumption of goods and services between the entities in a particular society

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 26, 2008
  2. a set of methods and standards brought by which a society decides and organizes the ownership and allocation of economic resources

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 26, 2008
  3. In a given economy, it is the systemic means by which problems of economics are addressed, such as the economic problem of scarcity through allocation of finite productive resources

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 26, 2008
  4. composed of people and institutions, including their relationships to productive resources, such as through the convention of property

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 26, 2008
  5. Examples of contemporary economic systems include capitalist systems, socialist systems, and mixed economies

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on December 26, 2008
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