How do you say economic system in English? Pronunciation of economic system in English, a free online English pronunciation dictionary.
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Pronounce Economic system as EH K OW N OW M IY K S Y S T EH M.
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Continue readinga system of production, resource allocation, and goods distribution in a society
economy, economic system(noun)the system of production and distribution and consumption
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1. Thanks to the economic system of free enterprise societies, business owners are free to make their own goods and sell them to whoever they wish.
2. Every advanced country has an economic system of some sort in which resources are gathered in a certain manner and distributed by those who acquire them.
3. In a dictatorship, the economic system of the country is completely controlled by the government, determining who gets what goods and resources at all times.
4. The economic system of a country includes its acquisition of resources and how those resources are distributed among the people of the nation.
5. In a free market society, the economic system allows everyone to procure their own resources, and distribute the goods they make to people for personal profit.
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