economic system
Pronunciation
Noun
B1 Intermediate
Quick answer
The way a country or society organises the production, distribution, and use of goods, services, and resources.
Test yourself
Which word fits the gap? "Capitalism and socialism are two very different _____."
Answer: economic system
In your own words, what does "economic system" mean?
The way a country or society organises the production, distribution, and use of goods, services, and resources.
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