Economic system/Definition: Difference between revisions
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(i) Any [[complex interactive system]] that is engaged in the production and distribution of [[goods (economics)| goods]] and [[services (economics)|services]]. (ii) As used to denote a particular way of organising an economy, such as a [[market]] | (i) Any [[complex interactive system]] that is engaged in the production and distribution of [[goods (economics)| goods]] and [[services (economics)|services]]. (ii) As used to denote a particular way of organising an economy, such as a [[market economy]], a [[command economy]], or a [[mixed economy]]. | ||
Latest revision as of 03:59, 13 June 2011
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Economic system [r]: (i) Any complex interactive system that is engaged in the production and distribution of goods and services. (ii) As used to denote a particular way of organising an economy, such as a market economy, a command economy, or a mixed economy.