Noun1.economic system- the system of production and distribution and consumption economy 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 larg...
Types of Economic Systems Most people would assume that there must be hundreds of different types of economies because of all the terms that get tossed around with regard to money, economics, and politics. People tend to mix economy, politics, and ideology together. The truth is that there ar...
TheDefinition ofEcocriticism In Western countries: (1)The term“literary ecology”,whose emergence symbolizes thegerminationof ecologicalcriticism, is definedbyJoseph W. Meeker as “thestudyof biological themesand relationships which appear in literary works” and the study of the roles of literature“...
1.(used with a sing. verb)The social science that deals with the production, distribution, and consumption of goods and services and with the theory and management of economies or economic systems. 2.(used with a sing. or pl. verb)Economic matters, especially relevant financial considerations:...
Economic System Definition Economic systems are the means that are adopted by governments of respective countries for the distribution of resources along with services and goods. Such an arrangement is dependent on production factors – capital, labour, physical resources, entrepreneurs, and information ...
The meaning of SYSTEM is a regularly interacting or interdependent group of items forming a unified whole. How to use system in a sentence. Synonym Discussion of System.
Resource allocation in different economic systems and issues of transition Free market economy:an economy where decisions about the allocation of resources are taken in the private sector by producers and consumers. Planned economy:an economy that...
Anendogenous variableis a variable that is influenced by changes in another variable. Due to the complexity of economic systems, it is difficult to determine all of the subtle relationships between different factors, and some variables may be partially endogenous and partially exogenous. In econometric...
Economic Output Output hysteresis can happen in the aftermath of economic downturns. It's the decline in investment and productivity when businesses curtail their investment activities during recessions. It often results in a reduction in the overall productivity of the economy. ...
from the basic connotation of the eco-economic systems to re-define the marine eco-economic system,and analyze the composition of marine eco-economic system,discusses marine ecology,economic and social sub-systems' operation mechanism and function,so as to compensate for the lacks of current ...