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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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Sheila Fleet - Jewellery designer. Describes her product range with catalogue and shopping cart.[Tankerness]
Meta Description: [ Sheila designs and produces sophisticated Silver, Gold and Enamel jewellery collections reflecting times past and present. ]

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