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entity go
that which is perceived or known or inferred to have its own distinct existence (living or nonliving)

abstraction, abstract entity go
a general concept formed by extracting common features from specific examples

group, grouping go
any number of entities (members) considered as a unit

system, scheme go
a group of independent but interrelated elements comprising a unified whole

economy, economic system
the system of production and distribution and consumption

noun.group

6 Subcategories

industrialism go
an economic system built on large industries rather than on agriculture or craftsmanship
market economy, free enterprise, private enterprise, laissez-faire economy go
an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
mixed economy go
an economic system that combines private and state enterprises
non-market economy go
an economy that is not a market economy
state capitalism go
an economic system that is primarily capitalistic but there is some degree of government ownership of the means of production
state socialism go
an economic system in which the government owns most means of production but some degree of private capitalism is allowed