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Economic systems

capitalism

noun

an economic system in which property, businesses, and industry are owned by individual people and not by the government

command economy

noun

an economic system in which the government controls business and the supply of goods in a country

communism

noun

a political and economic system in which individual people cannot own property or industries and in which people of all social classes are treated equally

corporatism

noun

a political and economic system in which planning and policy are controlled by large groups such as businesses, trade unions, and central government

economy

noun

a country considered as an economic system

free enterprise

noun

an economic system in which businesses can compete with each other without being controlled by government

free market

noun

an economic system in which things such as prices and pay are set as a result of competition between different businesses and are not controlled by a government

the gold standard

noun

an economic system in which the value of money is calculated according to the value of gold

industrialism

noun

an economic system that depends on industry for its existence

macroeconomy

noun

the economic system of a whole country or large region

market

noun

the economic system in which prices, salaries, and the supply of goods are controlled by what and how much people buy

market economy

noun

an economic system in which prices, salaries, and the supply of goods are controlled by what and how much people buy, not by the government

mixed economy

noun

an economic system in which some businesses are controlled by the government and some are controlled by private companies

monetarism

noun

the belief that the government must carefully control the amount of money in its economy to avoid economic problems

the new economy

noun

the economy that has developed as a result of Internet business activity

old economy

noun

the economy that is based on traditional methods of doing business rather than on Internet business activity

tiger economy

noun

the very successful economy of one of the smaller Asian countries such as South Korea or Singapore

hostile architecture

the design of buildings or public spaces in a way which discourages people from touching, climbing or sitting on them …

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boots on the ground

a situation in which a country's armed forces are physically present in an area of conflict …

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