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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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Economic news - CNNMoney.com

House to vote on $167 billion in jobs measures
Tue, 15 Dec 2009 19:33:17 -0500
The House plans to vote Wednesday on measures totaling about $167 billion that would extend the safety net for the unemployed and spur job creation.
Raising the debt limit by a 'little'
Tue, 15 Dec 2009 16:38:42 -0500
Last week, there was talk on Capitol Hill of raising the legal limit on how much debt the U.S. Treasury could have on the books by as much as $1.9 trillion. This week, the tune has changed considerably.
Fed will hike rates - in 2011
Tue, 15 Dec 2009 20:19:47 -0500
It appears 0% is here for the foreseeable future.

Latest Business News from Times Online

Goldman sued over multi-billion pay pool
Wed, 16 Dec 2009 00:01:16 -0000
Goldman Sachs has been sued over its multi-billion compensation pool in a case that pits America’s security guards against Wall Street’s best-paid bankers.
Rivals hire bigger planes as BA turns to the law
Wed, 16 Dec 2009 00:01:00 -0000
British Airways will seek an emergency injunction at the High Court today to avert a 12-day strike that threatens to ruin the travel plans of almost a million people over Christmas.
Time to rebuild trust between the City, government and society
Wed, 16 Dec 2009 00:01:00 -0000
We urgently need a new settlement between finance, government and society. Over the past decade some sectors of finance seem to have forgotten that they should be a servant to the economy rather than its master.
Business big shot: Penny Hughes, incoming non-executive, Wm Morrison
Wed, 16 Dec 2009 00:01:00 -0000
Wm Morrison, without a chief executive at present, beefed up its board substantially yesterday by hiring Penny Hughes as a non-executive director.
Kremlin sacking linked to Sergei Magnitsky case
Wed, 16 Dec 2009 00:01:00 -0000
The President of Russia has sacked a senior Kremlin official accused by a Russian lawyer — who later died in prison — of taking part in a conspiracy to steal hundreds of millions of dollars from the Russian Treasury.
Credit Suisse expects to pay $536m settlement$
Wed, 16 Dec 2009 00:01:00 -0000
Credit Suisse expects to pay a $536 million ($£329 million) settlement for violating US economic sanctions, the Swiss bank revealed in a surprise statement last night.

NYSE.com Financial News Releases

NYSE Euronext to Host Investor Day on Wednesday, March 3, 2010
Mon, 14 Dec 2009 12:00:00 -0500
NYSE Euronext Announces Trading Volumes for November 2009
Tue, 08 Dec 2009 12:00:00 -0500
NYSE Euronext Declares Quarterly Dividend
Thu, 03 Dec 2009 12:00:00 -0500

 
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