Environment of Modern Economic Systems

  • J. L. Porket
Part of the St Antony’s Series book series


Every economy, whether traditional or modern, makes decisions about what to produce as well as about how, where, when, by whom, and for whom to produce it, and engages in the production of goods and services and in the distribution of output among households. However, these decisions and the ensuing activities do not take place in a vacuum. They take place in an environment which affects them and which, in turn, is affected by them. This implies that modern economic systems function in an environment with which they interact.


Economic System Political System Political Power Liberal Democracy Pressure Group 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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© J. L. Porket 1998

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  • J. L. Porket

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