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Economic system   /ˌɛkənˈɑmɪk sˈɪstəm/   Listen
Economic system

noun
1.
The system of production and distribution and consumption.  Synonym: economy.






WordNet 3.0 © 2010 Princeton University








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"Economic system" Quotes from Famous Books



... The present economic system concentrates initiative in the hands of a small number of very rich men. Those who are not capitalists have, almost always, very little choice as to their activities when once they have selected a trade or profession; they are not part of the power that moves the mechanism, ...
— Political Ideals • Bertrand Russell

... virility. They opposed, or were lukewarm about, efforts to build up the army and the navy, for they were not sensitive concerning National honor; and, above all, they opposed every non-milk-and-water effort, however sane, to change our social and economic system in such a fashion as to substitute the ideal of justice towards all for the ideal of kindly charity from the favored few to ...
— Theodore Roosevelt - An Autobiography by Theodore Roosevelt • Theodore Roosevelt

... matter of regulation of business and property relationships. As automation continued, fewer and fewer of our people were needed to produce all the commodities that the country could assimilate under our present socio-economic system. And I need only point out that the average American still enjoys more material things than any other nation, though admittedly the European countries, and I don't exclude the Soviet ...
— Subversive • Dallas McCord Reynolds

... of jealousy are: the primitive instinct, also present in many animals, our ethical and religious ideas and our economic system. The primitive instinct we can repress and modify; we can hardly hope to eradicate it entirely. But our ideas and economic system we can change. It is easier to change ideas than it is a system, and it is with our ideas ...
— Woman - Her Sex and Love Life • William J. Robinson

... the need for culture. He was himself a cultured gentleman; but he also saw that before the people of the South could have culture, they must have an economic system directed with sufficient intelligence to supply the necessaries of life, which must always be taken for granted before the possibilities of culture are realized. Cultural education comes after, and not before, education for ...
— The New Education - A Review of Progressive Educational Movements of the Day (1915) • Scott Nearing


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