economic system

Questions about economic system

What does economic system mean?

economic system means "the system of production and distribution and consumption".

What is another word for economic system?

Close synonyms include economy. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.

Is economic system a common word?

economic system is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.