Vocab Bloom Hub

economic system

/ˌekəˈnɒmɪk ˈsɪstəm/

Traducción: Forma estructurada en que una sociedad organiza la producción, distribución y consumo de bienes y servicios, incluyendo las reglas, instituciones y relaciones que regulan la actividad económica.

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phrase

/ˌekəˈnɒmɪk ˈsɪstəm/B2formalbusiness
  • esForma estructurada en que una sociedad organiza la producción, distribución y consumo de bienes y servicios, incluyendo las reglas, instituciones y relaciones que regulan la actividad económica.

The structured way in which a society organizes the production, distribution, and consumption of goods and services, including the rules, institutions, and relationships that govern economic activity.

  1. Definition of an economic systemB2formal

    The structure and methods by which a society organizes the production, distribution, and consumption of goods and services.

    essistema económico

    • Capitalism is an economic system based on private ownership and free markets.
    • A command economy is an economic system where the government controls production and prices.
    • The country is transitioning from a traditional to a modern economic system.