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)
Hypernyms (Closely Related)
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."
