Changes

==How the topic is discussed in NCERT Books==

==How the topic is discussed in NCERT Books==

==Useful websites==

==Useful websites==

[http://en.wikipedia.org/wiki/Economic_system Wikipedia 'Economic System'] article has a good description of the nature of economic system and its structures. It says "An economic system is the system of producing and distributing of goods and services and allocating resources in a society. It includes the combination of the various institutions, agencies, entities (or even sectors as described by some authors) and consumers that comprise the economic structure of a given community...The study of economic systems includes how these various agencies and institutions are linked to one another, how information flows between them, and the social relations within the system (including property rights and the structure of management).

[http://en.wikipedia.org/wiki/Economic_system Wikipedia 'Economic System'] article has a good description of the nature of economic system and its structures. It says "An economic system is the system of producing and distributing of goods and services and allocating resources in a society. It includes the combination of the various institutions, agencies, entities (or even sectors as described by some authors) and consumers that comprise the economic structure of a given community...The study of economic systems includes how these various agencies and institutions are linked to one another, how information flows between them, and the social relations within the system (including property rights and the structure of management).