Economic system

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Economic system – An economic system is a system for producing, distributing

Economic system – An economic system is a system for producing, distributing
and consuming goods and services, including the combination of the various institutions, agencies, consumers, entities (or even sectors as described by some authors) that comprise the economic structure of given society or community.

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The economic system involves investments, production, the allocation of economic inputs, distribution

The economic system involves investments, production, the allocation of economic inputs, distribution
of economic outputs, land availability, households (earnings and expenditure consumption of goods and services in an economy), financial institutions and government policies. It involves a set of institutions and their various social relations.

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Among actual economic systems, distinctive methods of analysis have developed, such as

Among actual economic systems, distinctive methods of analysis have developed, such as
socialist economics and Islamic economic jurisprudence. Today the dominant form of economic organization at the global level is based on capitalist mixed economies
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