The economic system is a system that includes the production, distribution and consumption of goods and services in an economy. Also, it is a set of principles and techniques which are sent to the problems of the economy, such as economic problem of scarcity through the allocation of productive resources. The economic system is composed of people and institutions, including their relations with the productive resources, for example. the Convention property. Examples of modern economic systems include the capitalist system, the socialist system and the mixed economy. The economic system is an economic category, which includes the study of relevant systems.