Introduction to Economic System
The economic system is a combination of several economic elements that are interconnected and interacting, and is an organic whole with specific functions. The economic system in a broad sense refers to an organic whole composed of several economic elements that are interrelated and interact in the material production system and the non-material production system. The economic system in the Asia-Pacific region, the national economic system, the regional economic system, the sectoral economic system, and the enterprise economic system are all broad-based economic systems. For example, a country ’s national economic system is the country ’s most representative, important, and large-scale organically unified economic system. The operation of a country ’s national economic system involves not only the regions, departments, enterprises, and units within the country, but also the world economic system and several countries, regions, and groups in the world. The national economic system not only reflects the interconnection and interaction of several internal economic elements, but also is affected by external factors. A narrow economic system refers to an organic whole composed of several economic elements that are interrelated and interact with each other in the production, exchange, distribution, and consumption links in the process of social reproduction. These four links are responsible for several parts of the work, respectively, to complete specific functions.