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http://www.businessdictionary.com/definition/economic-system.html
Definition of economic system: An organized way in which a state or nation allocates its resources and apportions goods and services in the national community.
https://study.com/academy/lesson/economic-systems-definition-types-examples.html
Economic systems are the means by which countries and governments distribute resources and trade goods and services. They are used to control the five factors of production, including: labor, capital, entrepreneurs, physical resources and information resources.
https://marketbusinessnews.com/financial-glossary/economic-system-definition-meaning/
An economic system is an organized way in which a country allocates resources and distributes goods and services across a given geographic area. Market Business News - …Author: Veronica Cruz
https://www.thefreedictionary.com/economic+system
Define economic system. economic system synonyms, economic system pronunciation, economic system translation, English dictionary definition of economic system. Noun 1. economic system - the system of production and distribution and consumption economy sector - a social group that forms part of the society or the...
https://www.thebalance.com/socialism-types-pros-cons-examples-3305592
Socialism is a system that shares economic output equally throughout the population. It values the collective well being of the community, rather than individuals. The government distributes resources, giving it greater control over its citizens. There are eight different kinds of socialism, each with their own priorities and economic styles.
https://www.definitions.net/definition/economic%20system
An economic system is a system for producing, distributing and consuming goods and services, including the combination of the various institutions, agencies, consumers, entities that comprise the economic structure of a given society or community.
https://en.wikipedia.org/wiki/Capitalism
A capitalist free-market economy is an economic system where prices for goods and services are set freely by the forces of supply and demand and are allowed to reach their point of equilibrium without intervention by government policy. It typically entails support for highly competitive markets and private ownership of the means of production.
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