Economic systems

2017-07-27T19:02:30+03:00[Europe/Moscow] en true Social order, Islamic economics, Systemic risk, Economic system, Patriarchy, Planned economy, Socialism, Virtual economy, Anarchy, World-systems theory, Nordic model, Agrarian society, Industrial society, Commons-based peer production, Transition economy, Asiatic mode of production, Common ownership, Manorialism, Participatory economics, Autarky, Social ownership, Dirigisme, History of Islamic economics, Economic ideology, Global financial system, Systematic risk, Decentralized planning (economics), Price system, Social welfare model, Socialist mode of production, Chinese financial system, Production for use, Vertical archipelago, Corporate nationalism, Plantation economy, Socialism (economic system) flashcards Economic systems
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  • Social order
    The term social order can be used in two senses.
  • Islamic economics
    Islamic economics (Arabic: الاقتصاد الإسلامي‎‎), is a term used to refer to Islamic commercial jurisprudence or fiqh al-mu'āmalāt (Arabic: فقه المعاملات‎‎), and also to an ideology of economics based on the teachings of Islam that takes a middle ground between the systems of Marxism and capitalism.
  • Systemic risk
    In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system, that can be contained therein without harming the entire system.
  • Economic system
    An economic system is a system of production, resource allocation, and distribution of goods and services within a society or a given geographic area.
  • Patriarchy
    Patriarchy is a social system in which males hold primary power and predominate in roles of political leadership, moral authority, social privilege and control of property.
  • Planned economy
    A planned economy is an economic system in which inputs are based on direct allocation.
  • Socialism
    Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production; as well as the political ideologies, theories, and movements that aim at their establishment.
  • Virtual economy
    A virtual economy (or sometimes synthetic economy) is an emergent economy existing in a virtual world, usually exchanging virtual goods in the context of an Internet game.
  • Anarchy
    Anarchy is the condition of a society, entity, group of people, or a single person that rejects hierarchy.
  • World-systems theory
    World-systems theory (also known as world-systems analysis or the world-systems perspective), a multidisciplinary, macro-scale approach to world history and social change, emphasizes the world-system (and not nation states) as the primary (but not exclusive) unit of social analysis.
  • Nordic model
    The Nordic model (also called Nordic capitalism or Nordic social democracy) refers to the economic and social policies common to the Nordic countries (Denmark, Finland, Norway, Iceland and Sweden).
  • Agrarian society
    An agrarian society (or agricultural society) is any society whose economy is based on producing and maintaining crops and farmland.
  • Industrial society
    In sociology, industrial society refers to a society driven by the use of technology to enable mass production, supporting a large population with a high capacity for division of labour.
  • Commons-based peer production
    Commons-based peer production is a term coined by Harvard Law School professor Yochai Benkler.
  • Transition economy
    A transition economy or transitional economy is an economy which is changing from a centrally planned economy to a market economy.
  • Asiatic mode of production
    The theory of the Asiatic mode of production (AMP) was devised by Karl Marx around the early 1850s.
  • Common ownership
    Common ownership refers to holding the assets of an organization, enterprise, or community indivisibly rather than in the names of the individual members or groups of members, as common property.
  • Manorialism
    Manorialism, an essential element of feudal society, was the organizing principle of rural economy that originated in the villa system of the Late Roman Empire, was widely practiced in medieval western and parts of central Europe, and was slowly replaced by the advent of a money-based market economy and new forms of agrarian contract.
  • Participatory economics
    Participatory economics, often abbreviated parecon, is an economic system based on participatory decision making as the primary economic mechanism for allocating the factors of production and guidance of production in a society.
  • Autarky
    Autarky is the quality of being self-sufficient.
  • Social ownership
    Social ownership refers to the various forms of ownership for the means of production in socialist economic systems; encompassing public ownership, employee ownership, cooperative ownership, citizen ownership of equity and common ownership.
  • Dirigisme
    Dirigisme or dirigism (from French diriger, meaning "to direct") is an economic system where the state exerts a strong directive influence over investment.
  • History of Islamic economics
    Between the 8th and 12th centuries, the Muslim world developed many advanced concepts, techniques and use in production, investment, finance, economic development, taxation, property use such as Hawala, an early informal value transfer system, Islamic trusts known as waqf, systems of contract relied upon by merchants, a widely circulated common currency, cheques, promissory notes, early contracts, bills of exchange, (mufawada), advanced agricultural techniques, high literacy rates, and enlightened capture and use of slaves.
  • Economic ideology
    An economic ideology distinguishes itself from economic theory in being normative rather than just explanatory in its approach.
  • Global financial system
    The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing.
  • Systematic risk
    In finance and economics, systematic risk (in economics often called aggregate risk or undiversifiable risk) is vulnerability to events which affect aggregate outcomes such as broad market returns, total economy-wide resource holdings, or aggregate income.
  • Decentralized planning (economics)
    A decentralized-planned economy or decentrally-planned economy (occasionally horizontally-planned economy) is a type of economic system based on decentralized economic planning, in which decision-making is distributed amongst various economic agents or localized within production units.
  • Price system
    In economics, a price system is a component of any economic system that uses prices expressed in any form of money for the valuation and distribution of goods and services and the factors of production, and the price system will only function in the setting of Economic liberalism of the political economy of liberal democracy.
  • Social welfare model
    A social welfare model is a system of social welfare provision and its accompanying value system.
  • Socialist mode of production
    In Marxist theory, socialism, also called lower-stage communism or the socialist mode of production, refers to a specific historical phase of economic development and its corresponding set of social relations that supersede capitalism in the schema of historical materialism.
  • Chinese financial system
    China's financial system is highly regulated and has recently begun to expand rapidly as monetary policy becomes integral to its overall economic policy.
  • Production for use
    Production for use is a phrase referring to the principle of economic organization and production taken as a defining criterion for a socialist economy.
  • Vertical archipelago
    The vertical archipelago is a term coined by sociologist and anthropologist John Victor Murra under the influence of economist Karl Polanyi to describe the native Andean agricultural economic model of accessing and distributing resources.
  • Corporate nationalism
    Corporate nationalism is a phrase that is used to convey various meanings: * A political culture in which members believe the basic unit of society and the primary concern of the state is the corporate group rather than the individual, and the interests of the corporate group are the same as the interest of the nation.
  • Plantation economy
    A plantation economy is an economy based on agricultural mass production, usually of a few commodity crops grown on large farms called plantations.
  • Socialism (economic system)
    Socialism is a social and economic system characterised by social ownership and democratic control of the means of production.