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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GreenvilleOnline.com - Business

Verizon Wireless to invest $40 million in S.C. facility
COLUMBIA -- Verizon Wireless is investing $40 million to relocate a South Carolina call center, a move the company says will save 1,500 jobs.
SC foreclosures on the decline
The foreclosure rate in the state and the county dropped last month, as the nation as a whole experienced its fourth straight month of declining activity.
Study: Manufacturing remains the key to SC's economy
A new study shows manufacturing continues to contribute mightily to the South Carolina economy despite significant job losses in the sector.
Upstate gas prices drift down
Dodges — Wade Hampton Boulevard and West Main Street, Taylors - $2.39 Dodge's - Wade Hampton near Edwards Mill Road, Taylors - $2.19 Dodges — Wade Hampton Boulevard and Edwards Road, Taylors - $2.29 Kangaroo - Wade Hampton at Chick Springs Road, Greenville - $2.219 Hickory Point — Wade Hampton Boulevard, Taylors - $2.34 Hickory Point — Wade Hampton Boulevard and Edwards Mill Road, Taylors - $2.39 Spinx — Wade Hampton Boulevard and Edwards Road, Taylors - $2.33 Spinx — West Washington Avenue, Greenville - $2.39 Spinx — Brushy Creek and Suber roads, Greer - $2.43 Citgo - Wade Hampton near Chick Springs Road, Greenville - $2.299 Shell - East North Street and Overbrook Drive - $2.349 Shell — North Main Street and Stone Ave - $2.459
Greenville average gas prices down half a cent
Dodges — Wade Hampton Boulevard and West Main Street, Taylors - $2.39 Dodge's - Wade Hampton near Edwards Mill Road, Taylors - $2.19 Dodges — Wade Hampton Boulevard and Edwards Road, Taylors - $2.29 Kangaroo - Wade Hampton at Chick Springs Road, Greenville - $2.219 Hickory Point — Wade Hampton Boulevard, Taylors - $2.34 Hickory Point — Wade Hampton Boulevard and Edwards Mill Road, Taylors - $2.39 Spinx — Wade Hampton Boulevard and Edwards Road, Taylors - $2.33 Spinx — West Washington Avenue, Greenville - $2.39 Spinx — Brushy Creek and Suber roads, Greer - $2.43 Citgo - Wade Hampton near Chick Springs Road, Greenville - $2.299 Shell - East North Street and Overbrook Drive - $2.349 Shell — North Main Street and Stone Ave - $2.459
S.C. likely missed out on millions because of Census undercount
South Carolina and its local governments likely missed out on millions of federal dollars each year of the decade because of an undercount in the 2000 U. S. Census, according to census officials.

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