economic system

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economic system

a mechanism for tackling the twin problems of SCARCITY and CHOICE. Because economic resources are limited relative to society's demand for goods and services, some means of allocating resources between alternative ends is required. In the modem world, three basic allocative mechanisms perform this function: PRIVATE ENTERPRISE ECONOMY, in which resources are allocated through markets; CENTRALLY PLANNED ECONOMY, in which resources are all allocated by the state; MIXED ECONOMY, in which resources are allocated both by the market and by the state. See NATIONALIZATION, PRIVATIZATION.
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References in periodicals archive ?
ECCAS: Towards the establishment of the Green Economy system and the Green Economy Fund in Central Africa.
The potential of REDD+ in supporting the transition to a Green Economy in the Congo Basin/El potencial de REDD+ en el apoyo a la transicion hacia una economia verde en la cuenca del Congo/Potentiel de la REDD+ pour soutenir la transition vers une economie verte dans le Bassin du Congo
The Monetary Economy Sistem (MES) affects the path of the Real Economy System (RES).
A cybernetics approach to the sovereign debt crisis
Not only because Cambodia has practiced free market economy system but also because investors find it easier to deal with property transactions and investment procedure in Cambodia than some other ASEAN countries.
NEW CVEA HEAD OUTLINES PLANS
It's sure a blessing to be a strong hydrocarbon economy in this energy-dependent age of human development but the highly speculative market economy system is always there to spring unpleasant surprises consigning the best of the economic estimates to the trash bin.
OIL SCENARIO - OIL PRICE PLUNGE: A THREAT TO QATAR'S AMBITIOUS DEVELOPMENT PROGRAMS
The second volume covers China and the world in the context of economic globalization, financial globalization and reform, development plans under the Chinese socialist market economy system, deflation, stock markets, developing China's money markets, reforming commercial banks, developing rural finance, venture capital, and transforming bonded zones into free trade zones, while the third addresses the scientific outlook on development, the construction of an innovation-oriented country, institutional innovation, venture capital investment, economic challenges and countermeasures, development of the stock market, reform of the Renminbi exchange rate regime, and the global financial crisis and China's countermeasures.
Economic Reforms and Development in China: Selected Works of Cheng Siwei; 3 volume set
The importance of the Islamic Economy Award has its roots in the integrated Islamic Economy system which cuts across many economic sectors including infrastructure, tourism, health, food, art and banking services," said Majid Al Shamsi, 1st Vice-Chairman, Dubai Chamber.
Mohammad Bin Rashid honours winners of the Islamic Economy Award
The system, which has been functioning since 2012, is a gigantic market economy system that relied on the state-generated earnings.
The economic side of dictatorship
First, it should be mentioned not only the mutual challenge by the two major branches of neo-classical thinking: Keynesianism and libertarianism their ability to provide solutions for the problems generated by the market economy system in operation, but also recognition, by each of them, of their own incapacity.
The role of the economic theories in the restructuring of human society
Since its implementation in 2005, the Georgia Department of Juvenile Justice's (DJJ) Behavior Management System had been employing a token economy system using a point card that primarily focused on negative consequences with little or no positive reinforcement.
Georgia's juvenile justice system applies new framework to modify youth behavior trends
Another method is the "token economy system," in which students who behave appropriately or complete tasks are rewarded with tokens they can trade for prizes.
Autism rates rise again
Wittmann Battenfeld also showed its W842 IML Economy system, designed for lower cost rather than highest speed in low-volume applications.
News in robots from K 2013: Injection molding Cartesian robots are being made lighter and faster, but with greater payload capacity and vibration resistance
The report indicates that, even in the near term and without even taking excessively radical measures, using the circular economy system could increase the value recovered by 50% (Ellen MacArthur Foundation, 2013?
Circular economy as an ecodesign framework: ECO III model/Economia circular como marco para el ecodiseno: el modelo ECO-3

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