HyperDic
: economic_system
English
> 1 sense of the expression
economic system
:
NOUN
group
economic system
,
economy
the system of
production
and distribution and
consumption
English
>
economic system
: 1 sense
> noun 1, group
Meaning
The system of
production
and distribution and
consumption
.
Synonym
economy
Parts
black economy
A
hidden
sector
of the
economy
where
private
cash
transactions
go
unreported
sector
A
social group
that
forms
part of the
society
or the
economy
Narrower
industrialism
An
economic system
built
on
large
/
large
industries
rather than on
agriculture
or
craftsmanship
market economy
,
free enterprise
,
private enterprise
,
laissez-faire economy
An
economy
that
relies
chiefly
on
market forces
to
allocate
goods and
resources
and to determine
prices
mixed economy
An
economic system
that
combines
private
and
state
enterprises
non-market economy
An
economy
that is
not
a
market economy
state capitalism
An
economic system
that is
primarily
capitalistic
but there is some
degree
of
government
ownership
of the
means
of
production
state socialism
An
economic system
in which the
government
owns
most
means
of
production
but some
degree
of
private
capitalism
is allowed
Broader
system
,
scheme
A
group
of independent but
interrelated
elements
comprising a
unified
whole
Spanish
economía
,
sistema económico
Catalan
economia
,
sistema econòmic
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