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What is another word for economic system?

Pronunciation: [ˌiːkənˈɒmɪk sˈɪstəm] (IPA)

The term "economic system" refers to the structure and organization of a country or region's economic activity. There are various synonyms for this term, including "economic model," "market system," "capitalist system," "economic structure," and "business framework." Each of these terms highlights a different aspect of economic systems, such as the role of markets, the emphasis on private enterprise, or the underlying principles of distribution and resource allocation. All of these synonyms underline the importance of understanding the economic framework of a given country or region, as it can have a significant impact on the well-being of its citizens and its overall success.
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Synonyms for Economic system:

What are the hypernyms for Economic system?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Economic system?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

  • hyponyms for economic system (as nouns)

What are the meronyms for Economic system?

Meronyms are words that refer to a part of something, where the whole is denoted by another word.

Famous quotes with Economic system

  • Here the Frenchman, Spaniard, and Englishman all passed, leaving each his legend; and a brilliant and more or less feudal civilization with its aristocracy and slaves has departed with the economic system upon which it rested.
    Hervey Allen
  • I like computers. I like the Internet. It's a tool that can be used. But don't be misled into thinking that these technologies are anything other than aspects of a degenerate economic system.
    Jerry Brown
  • The European model is, first, a social and economic system founded on the role of the market, for no computer in the world can process information better than the market.
    Jacques Delors
  • I should like to suggest to you that the cause of all the economic troubles is that we have an economic system which tries to maintain an equality of value between two things, which it would be better to recognise from the beginning as of unequal value.
    Paul Dirac
  • Most people in this country believe that the American Communist Party and its dupes are the chief internal enemy of our economic system and our form of government. This is a serious mistake.
    John T. Flynn

Related words: economic system, capitalist economic system, socialist economic system, market economy, communist economic system, socialist economic system definition, economic systems, laissez faire economic system, economic systems benefits, economic systems disadvantages

Related questions:

  • What is an economic system?
  • What is a market economy?
  • What is socialism?

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