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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NPR Topics: Business

Protests, Arrests Follow UC's 32 Percent Fee Hike
Sat, 21 Nov 2009 07:45:00 -0500
Dozens of demonstrators who barricaded themselves inside a campus building at the University of California, Berkeley in a protest over fee hikes and budget cuts were removed late Friday, bringing the daylong occupation to an end, university officials said.
Insurance Mandate Could Spur Walk-In Clinic Boom
Fri, 20 Nov 2009 16:09:00 -0500
As it gets more difficult to see a primary care doctor, walk-in medical centers are picking up the slack. And if Congress succeeds in passing a nationwide health insurance mandate, the urgent care industry expects even more growth.
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