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 ]

chicagotribune.com -

'Time for us to change'
Fri, 29 Aug 2008 06:59:04 -0500
Barack Obama accepted the Democractic nomination with a speech that included a searing indictment of John McCain. Obama security rankles locals Obama vs. WGN-AM McCain says he's chosen his VP Photos | Video | Complete coverage
Blagojevich lays off 325 state workers
Thu, 28 Aug 2008 23:17:00 -0500
Department of Children and Family Services to lose 179 employees Two dozen state parks and historic sites will close and heavy caseloads for workers who help abused children will increase as Gov. Rod Blagojevich lays off 325 state workers to balance the state budget.
New Trier to open only 1 campus to boycotters
Thu, 28 Aug 2008 23:19:00 -0500
City students are expected to make statement about inequities in education With a Chicago Public Schools boycott increasingly likely, New Trier Township school officials said Thursday they will open only one campus next week to an expected influx of city students attempting to make a statement about the financial inequities in Illinois schools.
900,000 bassinets targeted in safety recall
Fri, 29 Aug 2008 01:09:00 -0500
1 of largest child product safety actions in years cites deadly design problem Federal regulators on Thursday night directed retailers across the country to stop selling and to recall nearly 900,000 dangerous bassinets, one of the largest child product safety actions in years.
U. of I. student group paying Edwards $65,000
Thu, 28 Aug 2008 22:22:00 -0500
Student group paid $65,000 before scandal made news A University of Illinois student group has agreed to pay $65,000 to bring disgraced former Democratic presidential candidate John Edwards to speak at campus this fall.
Daughter's illness weighs on Bears player
Thu, 28 Aug 2008 23:34:00 -0500
Veteran to discuss infant's serious medical issue Bears cornerback Charles Tillman will have a 1:30 p.m. news conference Friday at the Children's Memorial Hospital to address a serious medical issue involving his infant daughter.

Chicago Sun-Times :: News ::

Meeks: Boycott is on
BY MAUDLYNE IHEJIRIKA AND ROSALIND ROSSI Staff Reporters Fri, 29 Aug 2008 04:00:00 -0600
Time's up, the Rev. James Meeks said Thursday. The three-day boycott is on. "No more time. The window has expired," Meeks said. Next Tuesday, the state senator and pastor of Salem Baptist, a South Side megachurch, hopes to bus about 2,000 Chicago Public Schools students to north suburban schools.
Helping others realize 'Hispanic American Dream'
Fri, 29 Aug 2008 04:00:00 -0600
Hipolito "Paul" Roldan joined the newly formed Hispanic Housing Development Corp. as its first -- and only -- employee. Now, 32 years later, he is its president and oversees five divisions that work to stabilize Latino communities by developing, managing and investing in affordable housing to fulfill "the hopes and aspirations that comprise the Hispanic American Dream."
Can Drew get fair trial in Will County?
BY DAN ROZEK Staff Reporter/drozek@suntimes.com Fri, 29 Aug 2008 04:00:00 -0600
Ex-Bolingbrook cop Drew Peterson might be too famous to stand trial in Will County, his attorneys said Thursday. They said that as a result, they might seek to move his Dec. 8 trial on a felony weapons charge out of Will County.

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