Definition of "economic system" [economic system]

• The system of production and distribution and consumption (noun)

WordNet. Princeton University. 2010.

• "Political debate about which economic system to favor is still ongoing in much of the worldin countries both rich and poor."
• "“China now has a stake in the liberal, rules-based global economic system that the United States worked to establish over the past half-century,” wrote George Gilboy in the July-August 2004 issue of Foreign Affairs."
• "The leadership of the Chinese Communist Party CCP wants to use its open economic system to finance its closed politics."