economic system

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Noun1.economic system - the system of production and distribution and consumptioneconomic system - the system of production and distribution and consumption
sector - a social group that forms part of the society or the economy; "the public sector"
black economy - a hidden sector of the economy where private cash transactions go unreported; "no one knows how large the black economy really is"
industrialism - an economic system built on large industries rather than on agriculture or craftsmanship
free enterprise, laissez-faire economy, market economy, private enterprise - an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
mixed economy - an economic system that combines private and state enterprises
non-market economy - an economy that is not a market economy
state capitalism - an economic system that is primarily capitalistic but there is some degree of government ownership of the means of production
state socialism - an economic system in which the government owns most means of production but some degree of private capitalism is allowed
system, scheme - a group of independent but interrelated elements comprising a unified whole; "a vast system of production and distribution and consumption keep the country going"