An economic system is a system of production, resource allocation, exchange,
and distribution .... There is no precise definition of a "mixed economy".
Definition of economic system: An organized way in which a state or nation
allocates its resources and apportions goods and services in the national
Definition of economic system: Frameworks for the distribution and allocation of
goods and services in a nation or society. Socialism, Capitalism,...
An economic system defines how the various entities in an economy interact.
People have defined an economic system variously to include government
May 19, 2014 ... There are four primary types of economic systems in the world: traditional,
command, market and mixed. Each economy has its strengths and ...
Apr 24, 2009 ... Download pdf Economic Systems notes, what is economic systems, Definition,
meaning & Four 4 types i.e. capitalism, socialism, communism ...
Noun, 1. economic system - the system of production and distribution and
consumption. economy · sector - a social group that forms part of the society or
An economic system that features characteristics of both capitalism and socialism
An economic and political system based on public or collective ownership of the
means of production. Socialism emphasizes equality rather than achievement, ...
An economic system in which economic decisions and the pricing of goods and
services are guided solely by the aggregate interactions of a country's citizens ...