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society > trade and finance > management of money > management of national resources > [noun] > political economy > types of economic system (40)
free market1642

A market (for a particular commodity, etc.) in which prices are not fixed or regulated; (chiefly with the) an economic system in which prices are…

peasant economy1883

an agricultural economy in which the family is the basic unit of production.

agriculturism1885

The practice of agriculture; the agricultural sector of an economy; (also) a social or economic system based on agriculture. Cf. industrialism, n.

money economy1888

an economy based on the use of money rather than barter as a means of exchange.

price system1889

an economic system in which prices are determined by market forces.

external economy1890

Economics. external economy, an economy of scale (see economy, n. phrases 2) in which external factors lead to the reduction of costs to…

peace economy1905

an economy characteristic of peacetime, in which defence expenditure is relatively low and only a small part of the labour force is engaged in arms…

war economy1919

(a) a measure taken in order to save money or other resources because of a war; (b) an economy, characteristic of wartime, in which a large part…

planned economy1924

an economy in which industrial investment, production, development, etc., are determined by an overall national governmental plan.

market economy1929

an economy which is subject to and determined by free competition (cf. planned economy n. at compounds).

circular economy1932

an economic system in which the journey of a product, material, etc., leads back in some way to where it began; (now esp.) a system or process…

managed economy1932

an economy in which the framework and general policies are regulated or controlled by the government.

mixed economy1936

an economic system containing both private and state enterprise.

market socialism1939

an economic system in which the state retains control of the economy as a whole and the ownership of some major industries, while allowing…

plural economy1939

spec. Designating or characteristic of a society, economy, etc., whose structure reflects the presence within it of different ethnic groups or…

market capitalism1949

an economic system which supports private enterprise within a free market, the means of production being privately owned.

external diseconomy1952

Economics. external economy, an economy of scale (see economy, n. phrases 2) in which external factors lead to the reduction of costs to…

siege economy1962

an economic situation in which the availability of imported goods is severely restricted by import controls and the export of capital is curtailed.

knowledge economy1967

an economy in which growth is thought to be dependent on the effective acquisition, dissemination, and use of information, rather than the…

linear economy1968

an economic system or process in which the materials involved in production, or the products themselves, are ultimately disposed of as waste…

EMU1969

European monetary union (also economic and monetary union); see European monetary union n. at European, adj. n.compounds 2b.

wage economy1971

a system of economic organization (or section of the economy) that is based on the payment of a regular, fixed wage in return for labour; contr. with…

grey economy1977

that sector of an economic system which is conducted by means of informal commercial activity unaccounted for in official statistics; esp. activity…

EMS1978

European Monetary System, a monetary system based on the Exchange Rate Mechanism, agreed on by the European Community in 1978 and inaugurated in…

enterprise culture1979

a model of capitalist society which specifically emphasizes and encourages entrepreneurial activity and speculation, financial self-reliance, etc.

new economy1981

Usually with the. The economy as it relates to post-industrial society, based largely on advanced (esp. digital) technology and the service…

tiger1981

A nickname for any one of the more successful smaller economies of East Asia, esp. those of Hong Kong, Singapore, Taiwan, and South Korea.

share economy1983

A system of economic organization in which employees receive a share of their company's profits as a regular element of their pay. Contrasted with wa

gig economy2009

A labour market characterized by a prevalence of short-term contracts and freelance work, as distinct from permanent, full-time employment.

Subcategories:

— result or implication of (2)
— amount available in economic system (1)
— international committee concerned with (8)
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