economic system Meaning in the Cambridge English Dictionary
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Meaning of “economic system” in the English Dictionary

"economic system" in Business English

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economic systemnoun [C]

uk   us   ECONOMICS
the way in which an ​economyworks, for ​example, the way it makes ​money and uses ​goods and ​labour: The WTO is at the ​centre of the ​globaleconomicsystem.
(Definition of economic system from the Cambridge Business English Dictionary © Cambridge University Press)
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