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

---

More on [ Economic system ]

NEWS.com.au | Victoria

Wheatley rocks on, despite home detention
Fri, 05 Sep 2008 14:03:00 -0000
CONVICTED tax cheat Glenn Wheatley is managing rock bands from his luxurious Melbourne mansion while on home detention.
Mum pulled out baby's fingernails
Fri, 05 Sep 2008 03:31:00 -0000
A MELBOURNE mother has been found not guilty of forcibly removing her baby's fingernails by reason of mental impairment.
Meat cleaver bandit robbing beauticians
Fri, 05 Sep 2008 02:29:00 -0000
A "COWARDLY" and "desperate" robber is targeting women working alone in small businesses in Melbourne, police say.
Two injured as 250kg tyre explodes
Fri, 05 Sep 2008 02:18:00 -0000
TWO men have been injured while attempting to change a tractor tyre when it came off its wheel with explosive force.
More Qantas strife as fumes fill cabin
Fri, 05 Sep 2008 02:10:00 -0000
ANOTHER Qantas plane has hit trouble at Melbourne airport with passengers on a flight to Sydney this morning disembarking because of fumes inside the cabin.
67 stolen cars pulled from river
Fri, 05 Sep 2008 01:14:00 -0000
A VICTORIAN police operation to remove dumped cars from a river has found the waterway riddled with stolen cars leading them to suspect possible fraudulent insurance claims.
Truckie to stand trial for tunnel crash
Fri, 05 Sep 2008 00:56:00 -0000
A TRUCK driver has been committed to stand trial over Melbourne's fiery Burnley Tunnel crash that killed three people.
Driver shortage to cause headaches
Thu, 04 Sep 2008 18:31:00 -0000
VICTORIAN rail commuters can brace for more disruptions and crowding with train driver shortages set to continue into the next decade, the Opposition said.
No compensation for wife 'tricked' into sex
Thu, 04 Sep 2008 16:41:00 -0000
Woman claimed husband tricked her into sex Thought sex was filmed on hidden cameras Court rules she should not be compensated
BB reject 'in violent eviction'
Thu, 04 Sep 2008 14:44:00 -0000
A FORMER Big Brother housemate was in a wild brawl outside a hotel, allegedly terrorising staff with a metal bar, a court has been told.

Subscribe to Victoria RSS feed