economic system
US /ˌiː.kəˈnɑː.mɪk ˈsɪs.təm/
UK /ˌiː.kəˈnɑː.mɪk ˈsɪs.təm/
1.
sistema económico
a system of production, resource allocation, and distribution of goods and services within a society or a given geographic area
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Capitalism is a common type of economic system.
El capitalismo es un tipo común de sistema económico.
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Different countries operate under different economic systems.
Diferentes países operan bajo diferentes sistemas económicos.