An economic system is the combination of the various agencies, entities (or even sectors as described by some authors) that provide the economic structure that defines the social community. * An economic system is the decision-making structure of a nation's economy, characterized by the entities and policies that shape it. * An economic system may involve production, allocation of economic inputs, distribution of economic outputs, firms, and the government to answer the economic problem of resource allocation. * There are two general subtypes of economic systems: free market systems and planned systems. * Economic system
An economic system is the combination of the various agencies, entities (or even sectors as described by some authors) that provide the economic structure that defines the social community. * An economic system is the decision-making structure of a nation's economy, characterized by the entities and policies that shape it. * An economic system may involve production, allocation of economic inputs, distribution of economic outputs, firms, and the government to answer the economic problem of resource allocation. * There are two general subtypes of economic systems: free market systems and planned systems. * Economic system
An economic system is the combination of the various agencies, entities (or even sectors as described by some authors) that provide the economic structure that defines the social community. * An economic system is the decision-making structure of a nation's