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Definition of ECONOMIC GEOGRAPHY. : a branch of geography that deals with the relations of physical and economic conditions to the production and distribution of commodities.
Definition. An economic system refers to the way in which the resources of a country are used to produce goods and services, and the manner in which these goods and services are distributed for consumption. Definition.Economic systems are characterised by the following: - role of government.efinition. An economic system refers to the way in which the resources of a country are used to produce goods and services, and the manner in which these goods and services are distributed for consumption. Definition.