An economic system is a mechanism (social institution) which deals with the production, distribution and consumption of goods and services in a particular society.

The economic system is composed of people, institutions and their relationships. It addresses the problems of economics, like the allocation and scarcity of resources.

The division of economic systems

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More on [ Economic system ]

Business with Reuters - International Herald Tribune

U.K. proposes breaking up airport holdings of BAA
By JULIA WERDIGIER AND MATTHEW SALTMARSH Wed, 20 Aug 2008 21:28:53 -0000
The British Competition Commission said that BAA was likely to be required to sell two of its three London area airports and either its Edinburgh or Glasgow airport in Scotland.
Conditions worsen at Fannie Mae and Freddie Mac, prompting bailout fears
By CHARLES DUHIGG AND VIKAS BAJAJ Wed, 20 Aug 2008 21:28:53 -0000
But the U.S. Treasury Department and the companies say such government intervention will not be necessary to rescue the housing giants.
Construction industry cools in Europe
Wed, 20 Aug 2008 08:46:43 -0000
Construction in the 15-nation euro area declined 0.6 percent from May, when it rose 0.1 percent, less than initially estimated.
Germany approves law against some foreign investor actions
Wed, 20 Aug 2008 21:28:53 -0000
Chancellor Angela Merkel's government has for the last year been considering rules that might make it possible to curb, for example, takeovers by state-controlled foreign funds.
Saudi climate improves for foreign investors
Wed, 20 Aug 2008 18:24:43 -0000
Under a new measure, potential foreign investors would be entitled to returns related to their share purchases and must take on all of the economic exposure.
Wall Street gets a boost from rise in oil prices
By HERBERT LASH Wed, 20 Aug 2008 21:28:53 -0000
Rise in oil prices lifts energy shares, which in turn bolster U.S. equity indexes. Meanwhile, the U.S. bond market rallied on Fannie Mae's and Freddie Mac's woes.

BBC News | Business | UK Edition

BAE in £2bn MoD ammunition deal
Wed, 20 Aug 2008 23:02:00 -0000
BAE Systems signs a 15-year deal with the Ministry of Defence to supply ammunition for UK armed forces.
Fannie Mae and Freddie Mac slump
Wed, 20 Aug 2008 20:38:17 -0000
Shares in US mortgage finance giants Fannie Mae and Freddie Mac plunge again amid new talk of a government bail-out.
Discount supermarket sales rise
Wed, 20 Aug 2008 11:21:16 -0000
Discount supermarkets such as Aldi and Lidl see sales grow as cost-conscious UK consumers look to save cash, figures suggest.
Phone-line breach leads to fine
Wed, 20 Aug 2008 15:11:52 -0000
A near-record fine has been levied after consumers were thrown by a recorded telephone message that caused them to call back.
BAA 'should sell three airports'
Wed, 20 Aug 2008 09:36:39 -0000
The Competition Commission says BAA may have to sell three of its seven UK airports - two in London and one in Scotland.
Mortgage lending slump continues
Wed, 20 Aug 2008 11:07:39 -0000
The slump in mortgage lending continued in July, according to the latest figures from the Council of Mortgage Lenders.

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