| Meaning | The system of production and distribution and consumption. |
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| Synonym | economic system |
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| Parts | black economy | A hidden sector of the economy where private cash transactions go unreported |
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| 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 |
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| 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 |
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| Spanish | economía, sistema económico |
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| Catalan | economia, sistema econòmic |
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| Adjectives | economic | of or relating to the science of economics |
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| economic, economical | of or relating to an economy, the system of production and management of material wealth |
| Nouns | economist | an expert in the science of economics |
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