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Economic System শব্দের বাংলা অর্থ: অর্থনৈতিক ব্যবস্থা
Economic System Meaning In Bengali অর্থনৈতিক ব্যবস্থা
Economic System
Definition
1) A system by which goods and services are produced, distributed, and consumed.
2) The structure and means by which a society organizes its economy.
3) The set of rules, institutions, and relationships that determine how resources are allocated in an economy.
Examples
Economic System Example in a sentence
1) Capitalism is an economic system based on private ownership of the means of production.
2) Socialism is an economic system where the means of production are owned and controlled by the government or society.
3) The feudal economic system of the Middle Ages was based on land ownership and agricultural production.
4) In a mixed economic system, there is a combination of government intervention and free market principles.
5) The barter system is a prehistoric economic system where goods and services were exchanged directly without the use of money.
6) Communism is an economic system where all property is collectively owned and labor is organized for the common good.
7) A traditional economic system relies on customs and traditions to allocate resources and distribute goods and services.
8) Mercantilism was the dominant economic system in Europe during the 16th to 18th centuries, focusing on maximizing exports and accumulating wealth.
9) The modern global economy is characterized by a predominantly capitalist economic system with varying degrees of government regulation.
10) The sharing economy is a contemporary economic system that leverages technology to facilitate the peer-to-peer exchange of goods and services.
Part of Speech
Economic System (Noun)
Synonyms
Encyclopedia
A system by which goods and services are produced, distributed, and consumed.
The structure and means by which a society organizes its economy.
The set of rules, institutions, and relationships that determine how resources are allocated in an economy.
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