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Economic system   /ˌɛkənˈɑmɪk sˈɪstəm/   Listen
Economic system

noun
1.
The system of production and distribution and consumption.  Synonym: economy.





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"Economic system" Quotes from Famous Books



... disease all the horses had been swept away. Such a calamity in the year 1800 would have led to the depopulation of almost all the cities of the interior country, famine would have ravaged our States, and the whole economic system of society would have had to be reconstructed. Now the greater part of the work which of old had to be done by horses, can, at a slight increase of cost, be effected by mechanical engines. Ploughing, except on steep hillsides and in very stony ...
— Domesticated Animals - Their Relation to Man and to his Advancement in Civilization • Nathaniel Southgate Shaler
... February 17, 1870, accompanied by two bills recommended for passage; the one, a bounty bill, the other, relative to tonnage duties. With these measures the history of years of effort to establish the principle of general ship-subsidies in the American economic system properly begins. ...
— Manual of Ship Subsidies • Edwin M. Bacon


Words linked to "Economic system" :   economy, sector, laissez-faire economy, scheme, black economy, industrialism, free enterprise, market economy, state socialism, private enterprise, mixed economy, state capitalism, system, non-market economy


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