Types of economic systems

An economic system is a mechanism (social institution) which deals with the production, distribution and consumption of goods and services in a particular society. The economic system is composed of people, institutions and their relationships to resources, such as the convention of property. It addresses the problems of economics, like the allocation and scarcity of resources.

1. Economic system
1.1 The division of economic systems
2. List by hands-on and hands-off
3. Types of economic systems
3.1 Market economy
3.2 Mixed economy
3.3 Planned economy
3.4 Traditional economy
3.5 Participatory economics
4. Changes of an economic situation in Russia
4.1 Recent economic developments