Economic system

An economic system, or economic order, is a system of production, resource allocation and distribution of goods and services within an economy. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community. An economic system is a type of social system.

Extends: [Economic systems](https://wikipedia.org.ai/Economic systems), [Political economy](https://wikipedia.org.ai/Political economy)