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Definitions of economic system
Definition that contains economic system
  • capitalism an economic system based on private ownership of capital
  • socialism an economic system based on state ownership of capital
  • economically with respect to the economic system
  • mercantile of or relating to the economic system of mercantilism
  • mixed economy an economic system that combines private and state enterprises
  • industrialism an economic system built on large industries rather than on agriculture or craftsmanship
  • capitalist economy an economic system based on private ownership of capital
  • socialist economy an economic system based on state ownership of capital
  • mercantilism an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests
  • historical school a school of 19th century German economists and legal philosophers who tried to explain modern economic systems in evolutionary or historical terms
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