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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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So an Economy class ticket to Rio thru Emirates is $2.5k and a business class ticket is......wait for it......$12.5k #thempapa
sfladipo (Shade Ladipo) Tue, 29 Dec 2009 12:02:51 -0000
So an Economy class ticket to Rio thru Emirates is $2.5k and a business class ticket is......wait for it......$12.5k #thempapa
#News #Economy Peter Mandelson, British secretary of state for business, skills and innovation http://bit.ly/7X7edd
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#News #Economy Peter Mandelson, British secretary of state for business, skills and innovation http://bit.ly/7X7edd

 
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