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Economic system


An economic system is a system of production and exchange of goods and services as well as allocation .... There is no precise definition of a "mixed economy".

What is an economic system? - BusinessDictionary.com


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: Definition, Types & Examples | Study.com


In this lesson, you'll learn about the three major forms of economic systems, including planned, market, and mixed market economies. You'll also explore the five ...

Definition of Factory Systems: The factory system is the idea that factories may have been more efficient by reducing transactions costs, as argued by Oliver Williamson (1980). (Econterms) Terms related to Factory Systems: About.Com Resources on Factory Systems: Writi... More »

Economic system - definition of economic system by The Free ...

www.thefreedictionary.com/economic system

Noun, 1. economic system - the system of production and distribution and consumption economic system - the system of production and distribution and ...

Economic system - Dictionary.com - Reference.com (www.reference ...

dictionary.reference.com/browse/economic system

What is an economic system? - InvestorWords.com


Definition of economic system: Frameworks for the distribution and allocation of goods and services in a nation or society. Socialism, Capitalism,...

What is an economic system?


Definition of an economic system. ... An economic system is comprised of the various processes of organizing and motivating labor, producing, distributing, and ...

The 4 Types Of Economic Systems Explained - Udemy Blog


May 19, 2014 ... There are four types of economic systems in the world: traditional, command, market and mixed. Each has its strengths, weaknesses, ...

Popular Q&A
Q: What is the definition of an Economic System?
A: The system of production and distribution and consumption. A. Free-market economy. An economic system where decisions are made by producers and consumers. C. Mi... Read More »
Source: wiki.answers.com
Q: What is the definition of an economic system?
A: An economic system is a mechanism which deals with production, Read More »
Source: www.chacha.com
Q: What is the best definition of an economic system.
A: process by which people choose how to use limited resources in order to meet their needs. Read More »
Source: www.answers.com
Q: Definition of Command Economic System.
A: In the study of economics, the term "command" or "planned" economy refers to a system in which an organized body-usually a government-determines how a nation's ... Read More »
Source: www.ehow.com
Q: Definition of an Economic System.
A: The economic problem that all societies face is how to produce and distribute. scarce goods and services. to people who have. unlimited wants. As populations gr... Read More »
Source: www.ehow.com