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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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Business and Economy :: Current Events
Getting by with a skeleton staff
Thu, 05 Nov 2009 17:48:48 -0500
Small business owners are still whittling away at their payroll, but the deluge of pink slips on Main Street is slowing down.
Americans still bagging bargains and bulk buys
Thu, 05 Nov 2009 11:49:47 -0500
Despite much hope that Americans are finally thawing out of their year-long self-imposed shopping freeze, store sales last month were good in pockets -- but not great, as many analysts were hoping.
Businesses get a break in unemployment bill
Thu, 05 Nov 2009 16:34:35 -0500
The unemployment insurance bill on the way to President Obama's desk won't just help the jobless and the homebuyer. It also includes a long-awaited break for businesses that will let them quickly turn their recent losses into cold cash.
Congress approves more benefits for jobless
Thu, 05 Nov 2009 16:41:55 -0500
Unemployed Americans are set to get up to 20 additional weeks of jobless benefits, while new homebuyers are poised to see the $8,000 tax credit extended into mid-next year.
Unemployment claims slide
Thu, 05 Nov 2009 09:47:04 -0500
The number of Americans filing for initial unemployment insurance fell last week, the government said Thursday, with a total figure that was below analysts' expectations.
Fed moves spark bubble fears
Thu, 05 Nov 2009 13:01:44 -0500
Read full story for latest details.
BBC News | Business | World Edition
US hits China pipes with tariffs
Fri, 06 Nov 2009 05:11:39 -0000
The United States imposes high anti-dumping tariffs on Chinese pipes as trade disputes mar the run-up to a bilateral summit.
US shares rise on business data
Thu, 05 Nov 2009 23:12:20 -0000
US shares rise strongly after official figures show business productivity has risen at its highest rate in six years.
UBS fined £8m by the UK regulator
Thu, 05 Nov 2009 15:51:27 -0000
The Financial Services Authority fines Swiss banking giant UBS £8m for failing to stop employees making unauthorised trades.
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