- Definition
An economic system is simply how a country or community organizes itself to make, share, and use goods and services.
economic system is a term used in Ontario’s Kindergarten to Grade 8 curriculum.
The descriptions on this page are SmartStudy’s own original, plain-language writing — not the Ministry’s wording. They are aligned to the Ontario Curriculum, © King’s Printer for Ontario. For the Ministry’s official wording, see the source link below. SmartStudy is an independent service and is not affiliated with, endorsed by, or sponsored by the Government of Ontario or the Ministry of Education. Ontario Curriculum and Resources ↗
