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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Comcast appeals FCC order on Internet traffic
Fri, 05 Sep 2008 07:01:00 -0000
Comcast Corp. yesterday appealed a precedent-setting Federal Communications Commission enforcement order that extended the regulator's authority to the Internet.
PhillyDeals: PhillyDeals: Comcast shop for Phantoms' playing space
Fri, 05 Sep 2008 07:01:00 -0000
Taxpayers, hold on to your wallets. Stadium fever (minor-league version) is coming to a small city near you. Comcast Spectacor L.P. wants to build a 10,000- to 12,000- seat arena to replace the Spectrum as a concert and minor-league pro sports venue.
Jobless claims, productivity rise
Fri, 05 Sep 2008 07:01:00 -0000
WASHINGTON - New claims for unemployment benefits rose unexpectedly last week, while companies responded to the slowing economy by producing more with fewer workers, according to two reports yesterday.
Business news in brief
Fri, 05 Sep 2008 07:01:00 -0000

Sluggish sales for retailers in Aug.
Fri, 05 Sep 2008 07:01:00 -0000
NEW YORK - When it came to buying their children new jeans and trendy tops, parents held the line last month: They focused on basics at discounters and waited for the best deals, resulting in weak August sales reported yesterday at many retail chains.
Stocks Plunge
Fri, 05 Sep 2008 07:01:00 -0000
NEW YORK - Dejected investors sent stocks plunging yesterday, with the Dow Jones industrials plummeting more than 340 points after retailers and the government added to a mountain of bad economic news and devastated hopes for a late-year recovery.

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