Economic system/Definition: Difference between revisions
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imported>Roger A. Lohmann (New page: <noinclude>{{Subpages}}</noinclude> A term sometimes used to refer to large collections of related economic phenomena or variables. At the most general level, refers to economic orders lik...) |
imported>Nick Gardner No edit summary |
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(i) Any open [[complex interactive system]] 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 system (economics)|market system]], a [[command system (economics)| command system]], or a [[mixed system (economics)|mixed system]]. | |||
Revision as of 03:49, 14 March 2010
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Economic system [r]: (i) Any open complex interactive system 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 system, a command system, or a mixed system.