what is an economic system?
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An economic system, or economic order, is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area. As such, an economic system is a type of social system. The mode of production is a related concept.
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An economic system, or economic order, is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area. As such, an economic system is a type of social system. The mode of production is a related concept.
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