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Economic system   /ˌɛkənˈɑmɪk sˈɪstəm/   Listen
Economic system

noun
1.
The system of production and distribution and consumption.  Synonym: economy.






WordNet 3.0 © 2010 Princeton University








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"Economic system" Quotes from Famous Books



... been given renewed emphasis by the current administration. Armenia is a food importer, and its mineral deposits (gold, bauxite) are small. The ongoing conflict with Azerbaijan over the ethnic Armenian-dominated region of Nagorno-Karabakh and the breakup of the centrally directed economic system of the former Soviet Union contributed to a severe economic decline in the early 1990s. By 1994, however, the Armenian Government had launched an ambitious IMF-sponsored economic program that has resulted in positive growth ...
— The 2000 CIA World Factbook • United States. Central Intelligence Agency.

... shines from the hearthfire of every man's conscience and vision of the right. It is inconceivable that we should do this as partisans; it is inconceivable we should do it in ignorance of the facts as they are or in blind haste. We shall restore, not destroy. We shall deal with our economic system as it is and as it may be modified, not as it might be if we had a clean sheet of paper to write upon; and step by step we shall make it what it should be, in the spirit of those who question their own wisdom and seek counsel and knowledge, not ...
— United States Presidents' Inaugural Speeches - From Washington to George W. Bush • Various

... them that they can live, however shabbily, without. The really surprising thing is perhaps that the Roman government, with its immense funds and resources, stopped short where it did. An unsound economic system had brought about difficult conditions, with which the emperors and their advisers dealt as ...
— Life in the Roman World of Nero and St. Paul • T. G. Tucker

... peculiarly gifted poet as Mr. Whitcomb Riley, has paid its expenses, not to speak of any profit to the author? Of course, it would be rather more offensive and ridiculous that it should do so than that any other form of literary art should do so; and yet there is no more provision in our economic system for the support of the poet apart from his poems, than there is for the support of the novelist apart from his novel. One could not make any more money by writing poetry than by writing history, but it is a curious fact that while the historians have usually been rich men, and able to afford ...
— Henry James, Jr. • William Dean Howells

... delays, deceits had left us still disfranchised. A world war had come and gone during this span of effort. Vast millions had died in pursuit of liberty. A Czar and a Kaiser had been deposed. The Russian people had revolutionized their whole social and economic system. And here in the United States of America we couldn't even wrest from the leader of democracy and his poor miserable associates the first step toward our political liberty-the passage of an amendment through Congress, ...
— Jailed for Freedom • Doris Stevens

... centralized, vastly more centralized, than the political organization of the country itself" (p. 187). "An invisible empire has been set up above the forms of democracy" (p. 35). "We are all caught in a great economic system which is heartless" ...
— The American Empire • Scott Nearing

... soul of the economic system in New France was the traffic in furs. Even before the colony contained more than a handful of settlers, the profit-making possibilities of this trade were recognized. It grew rapidly even in the early days, and for more than a hundred and fifty years furnished New France ...
— Crusaders of New France - A Chronicle of the Fleur-de-Lis in the Wilderness - Chronicles of America, Volume 4 • William Bennett Munro



Words linked to "Economic system" :   free enterprise, mixed economy, private enterprise, black economy, system, state socialism, industrialism, laissez-faire economy, sector, scheme, state capitalism, market economy, non-market economy, economy



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