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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

McCain, Obama spar over economy
Tue, 08 Jul 2008 07:20:03 -0400
Read full story for latest details.
SEC blows whistle on bond raters
Tue, 08 Jul 2008 14:02:14 -0400
Government officials said Tuesday that the country's three largest credit raters failed in their reviews of subprime mortgage-backed securities.
Fed to crack down on shady lending
Tue, 08 Jul 2008 11:27:17 -0400
Read full story for latest details.

Latest Business News from Times Online

Bradford & Bingley dives again as recession fears worsen in London
Tue, 08 Jul 2008 07:46:51 -0000
Shares in Bradford & Bingley (B&B), the struggling bank, plunged nearly 20 per cent today as London's leading stocks lurched into a bear market on escalating fears that the UK is careering towards a recession.
WPP bid offer for TNS will not be pure cash
Tue, 08 Jul 2008 17:37:33 -0000
WPP will not make a pure cash offer for market research group Taylor Nelson Sofres (TNS), it has emerged ahead of the advertising giant’s put up or shut up deadline to make a firm bid or walk away.
UK annual mortgage lending slumps 44%
Tue, 08 Jul 2008 13:24:33 -0000
The number of new home loans granted during May plunged by 44 per cent compared with last year while remortgaging activity declined as home owners shunned rocketing arrangement fees.
US Fed may extend funding for hard-hit banks
Tue, 08 Jul 2008 15:11:19 -0000
Ben Bernanke, chairman of the Federal Reserve, sought to steady America’s stock markets yesterday, by indicating that his US Central bank would continue to offer cheap financing to Wall Street firms into 2009 should the damaging credit crunch "continue to prevail".
Persimmon takes housing sector job cuts to 4,500
Tue, 08 Jul 2008 07:39:14 -0000
Persimmon, the UK housebuilder, said today that it will cut 2,000 full and part-time jobs after reporting home completions had plunged by 31 per cent and revenue by 34 per cent in the first six months of this year.
Barclays stops selling secured loans
Tue, 08 Jul 2008 17:09:32 -0000
Barclays has withdrawn from the secured loan market, the bank said yesterday.

NYSE.com Financial News Releases

NYSE Euronext Completes Transaction to Purchase 5% Equity Interest in India’s Multi Commodity Exchange (MCX)
Tue, 01 Jul 2008 12:00:00 -0400

THE STATE OF QATAR AND NYSE EURONEXT ANNOUNCE MAJOR STRATEGIC PARTNERSHIP
Tue, 24 Jun 2008 12:00:00 -0400

NYSE Euronext Announces Quarterly Dividend Payment Dates
Thu, 19 Jun 2008 12:00:00 -0400


 
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