🏗️

economic system

noun

/ˌiː.kəˈnɒm.ɪk ˈsɪs.təm/

Meaning

The organized framework for production, distribution, and consumption of goods and services in society.

Capitalism, socialism, and mixed economies are types of economic systems.

Financial Structure, Market System, Political Economy

Disorder, Anarchy, Unstructured Market

Conformity to truth or fact; accuracy or truthfulness.

A person or thing that breaks something; a large sea wave that breaks into foam near the shore; a de...

a deep round container used for cooking food

a slight shaking movement in a person’s body or in the ground

The ability to judge well; good judgment and insight.

The acceptance of something undesirable but inevitable; giving up.