🏗️economic system

noun
/ˌiː.kəˈnɒm.ɪk ˈsɪs.təm/

Meaning

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

Example Sentences

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

Synonyms

Financial Structure, Market System, Political Economy

Antonyms

Disorder, Anarchy, Unstructured Market

More Example Sentences

Do you understand how good an economic system Zakat is in Islam?

Do you understand in Islam how good an economic system Jakat is?

Do you understand how good an economic system Social Security is in the USA?

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