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Economic system   /ˌɛkənˈɑmɪk sˈɪstəm/   Listen
Economic system

noun
1.
The system of production and distribution and consumption.  Synonym: economy.






WordNet 3.0 © 2010 Princeton University








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"Economic system" Quotes from Famous Books



... confined. Under loose construction, expansion might have become a centrifugal force through foreign conquest and colonial holding which would have destroyed the free system it was intended to build up. The Jeffersonians were moved in later expansions by a desire to extend an economic system and to make party capital. They never sought national aggrandisement, as their opponents might have done had they been in power. Proud of the territorial growth of the Union as we now are, and seeing so clearly the wisdom of the final consummation, ...
— The United States of America Part I • Ediwn Erle Sparks

... economic treasure is the advanced technology required for more and more difficult space missions. This new technology is advancing at a meteoric rate. Its benefits are spreading throughout our whole industrial and economic system."[27] ...
— The Practical Values of Space Exploration • Committee on Science and Astronautics

... recognizable aristocracy. This new upper class will immediately recognize each other on the street because they will look entirely different than the short-lived poorer folk and will probably run the political economic system. ...
— How and When to Be Your Own Doctor • Dr. Isabelle A. Moser with Steve Solomon

... hundred or two hundred men can at any time form co-operative societies for production, purchase, sale, or credit, and can link themselves by federation with other organizations like their own to secure greater strength and economic efficiency. By following this policy steadily we simplify our economic system, and reduce to fewer factors the forces in conflict in society. We beget the predominance of one principle, and enable that general will for good, which Rousseau theorized about, to find agencies through which it can manifest freely, so changing society from the static condition begot by conflict ...
— National Being - Some Thoughts on an Irish Polity • (A.E.)George William Russell

... not alone to the political reconstruction of Germany or of Europe that those who take an optimistic view of the issue of the present European war look hopefully. The whole economic system of modern capitalism will have received a shock from which the beginnings of vast changes may date. Apart from this, however, the avowed aim of the war, the destruction of Prussian militarism and, indirectly, the weakening of military power throughout the world, should have immediate and important ...
— German Culture Past and Present • Ernest Belfort Bax

... bodies of our fellow-citizens who are trying to grind us down and do us injustice. There are some men of that sort. I don't know how they sleep o' nights, but there are men of that kind. Thank God, they are not numerous. The truth is, we are all caught in a great economic system which is heartless. The modern corporation is not engaged in business as an individual. When we deal with it, we deal with an impersonal element, an immaterial piece of society. A modern corporation is a means of co-operation ...
— The New Freedom - A Call For the Emancipation of the Generous Energies of a People • Woodrow Wilson

... of the economic system in New France was the traffic in furs. Even before the colony contained more than a handful of settlers, the profit-making possibilities of this trade were recognized. It grew rapidly even in the early days, and for more than a hundred and fifty years furnished ...
— Crusaders of New France - A Chronicle of the Fleur-de-Lis in the Wilderness - Chronicles of America, Volume 4 • William Bennett Munro



Words linked to "Economic system" :   free enterprise, state capitalism, laissez-faire economy, scheme, industrialism, mixed economy, sector, system, economy, black economy, state socialism, non-market economy, market economy, private enterprise



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