close
    1. Home
      2. ›
    2. Politics & Government
      3. ›
    3. Politics
      4. ›
    4. what is economic system
    what is economic system

    Answer this
    0  Views: 1023 Answers: 1 Posted: 12 years ago
    Tags: nation
    Comment this question

      1 Answer

      An economic system can be defined as an organized way in which a state or nation allocates its resources and apportions goods and services in the national community. Some common economic systems are: capitalism, communism, market system, mixed economy, and socialism. All economic systems are run differently with different beliefs on what would best help the economy be successful. This includes government regulations, different laws, and the ownership of businesses. 

      12 years ago. Rating: 3
      Comment this answer



        Did this answer your question? If not, then ask a new question.

        Top contributors in Politics category

         
        ROMOS
        Answers: 171 / Questions: 0
        Karma: 11415
         
        Benthere
        Answers: 25 / Questions: 0
        Karma: 11355
         
        Colleen
        Answers: 278 / Questions: 6
        Karma: 10780
         
        jhharlan
        Answers: 136 / Questions: 2
        Karma: 9645
        > Top contributors chart
        466725
        questions
        722281
        answers
        785812
        users