economic system

1. The system of production and distribution and consumption (synset 108383680)
   is a type of: scheme, system - a group of independent but interrelated elements comprising a unified whole
   subtypes:

   • 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
   has:

   • sector - a social group that forms part of the society or the economy
   • black economy - a hidden sector of the economy where private cash transactions go unreported
   same as: economy

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