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Additional
economic systems
English Wikipedia - The Free Encyclopedia
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Economic system
An
economic system
is a
system
of
production
,
resource allocation
,
exchange
, and distribution of
goods and services
in a
society
or a given geographic area. It includes the combination of the various
institutions
, agencies, entities, decision-making processes, and patterns of
consumption
that comprise the economic structure of a given community. As such, an economic system is a type of
social system
. The
mode of production
is a related concept.
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