For ease of computation, this same sign method actually estimates the set of x values, [xL, xU], corresponding to the linear range. This set of x values will be called the linear domain.
monetary system noun [C]. âº the âsystem used by a âcountry to âprovide âmoney and to âcontrol the âexchange of âmoney. (Definition of monetary system from the Cambridge Advanced Learners Dictionary & Thesaurus Â© Cambridge University Press).
An economic system is a system of production and exchange of goods and services as well as allocation of resources in a society.hus every economy is a system that allocates resources for exchange, production, distribution and consumption. The system is stabilized through a combination of threat and trust, which are the outcome of institutional arrangements. An economic system possesses the following institutions: