|
|
|
Message Board >
Economic System
Economic System
Page:
1
InstaDissertation
19 posts
Apr 09, 2021
12:56 PM
|
An economic system defines the mechanism of production, distribution, and allocation of goods, services, and resources in a given society. National economic systems can differ in many ways, including how goods and services are priced, how much the government regulates economic activity, and how managers and workers interact with each other and with the government.
We can think of a nation's economy as existing along a continuum toward one of two major economic models. At one end of the continuum is the purely capitalist economic system, which assumes that free-market competition is the best way to allocate resources, increase productivity and efficiency, and lower costs. National economy system can be found out from UK Dissertation Writing
At the other end of the continuum is the purely socialist economic system, which assumes that the public or cooperative ownership of production is the best way to allocate resources. The resources of production are owned by the state, based on an assumption that private ownership leads to inequality and the exploitation of workers.
Types of Economic Systems
Examples of contemporary economic systems include:
• Planned systems
• Free market systems
• Mixed economies
Social Structure
As we noted earlier, economic systems can have wide-reaching effects on how societies are organized. Social structure refers to the recurring, orderly and patterned relationships that exist between different elements of society. These patterned social arrangements exist across three different levels of the social system:
• The macro-level social structure refers to the structure of the socioeconomic class system, social institutions, and other patterned relationships between large social groups.
• Meso-level social structure refers to the structure of social network ties between individuals or organizations.
• Micro-level social structure refers to the structure of social norms that shape the behavior of individuals within the social system. This type is associated with the normal peoples, read the pros and cons of this type of economic system Dissertation Writing Services.
|
Post a Message
www.milliescentedrocks.com
(Millie Hughes) cmbullcm@comcast.net 302 331-9232
(Gee Jones) geejones03@gmail.com 706 233-3495
Click this link to see the type of shirts from Polo's, Dry Fit, T-Shirts and more.... http://www.companycasuals.com/msr
|
|
