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ECONOMIC SYSTEM

(noun)
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Definitions

There is 1 meaning of the phrase Economic System.

Economic System - as a noun

The system of production and distribution and consumption

Synonyms (Exact Relations)
economy
Hypernyms (Closely Related)
schemesystem
Hyponyms (Broadly Related)

Example Sentences

"The United States has a capitalist economic system."
"China operates under a socialist economic system."
"Many Scandinavian countries have a mixed economic system."
"Japan has a well-developed industrialized economic system."
"The collapse of the Soviet Union led to the transition from a communist economic system to a market-based one."
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