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Imported from Credo Reference and Chesnutt Subject guide
Last Updated: Jun 30, 2016 URL: Print Guide RSS UpdatesEmail Alerts

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Economic Systems

  • Bimetallism: Topic Page
    In economic history, monetary system in which two commodities, usually gold and silver, were used as a standard and coined without limit at a ratio fixed by legislation that also designated both of them as legally acceptable for all payments. MORE
  • Capitalism: Topic Page
    Economic system based on private ownership of the means of production, in which personal profit can be acquired through investment of capital and employment of labor. MORE
  • Communism: Topic Page
    Fundamentally, a system of social organization in which property (especially real property and the means of production) is held in common. MORE
  • Consumerism: Topic Page
    Although the consumption of luxury goods, such as textiles and jewelry, occurred among elites in societies from the earliest times, the spread of consumerism since the eighteenth century is considered a significant development in world history. MORE
  • Globalization: Topic Page
    Process by which different parts of the globe become interconnected by economic, social, cultural, and political means. MORE
  • Mercantilism: Topic Page
    Economic system of the major trading nations during the 16th, 17th, and 18th cent., based on the premise that national wealth and power were best served by increasing exports and collecting precious metals in return. MORE
  • Socialism: Topic Page
    General term for the political and economic theory that advocates a system of collective or government ownership and management of the means of production and distribution of goods. MORE
  • Supply-side economics: Topic Page
    A school of economic thought that emphasizes the importance to a strong economy of policies that remove impediments to supply. MORE

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