What is the basis of the economic system?

Determining the nature and fundamental characteristics of production relations is the foundation of social and economic system.

The relations of production are interpersonal relationships formed by people in the process of production, including three aspects: who owns the means of production; Man's position and relationship in production; How to distribute products? Among them, who owns the means of production is the most basic and decisive aspect, is the basis of production relations, determines the nature and fundamental characteristics of production relations, is the basis of social and economic systems, and is the fundamental symbol to distinguish economic systems from social systems.

The ownership form of the means of production determines other aspects of production relations, and its essence is who owns and controls the means of production. Because whoever owns the means of production will occupy a dominant position in the production process, the distribution of products must be carried out in accordance with the principle of benefiting the possessor of the means of production, thus determining the purpose of social production.

Therefore, the ownership of the means of production determines the nature and fundamental characteristics of the relations of production, is the basis of the social and economic system, and is the fundamental symbol to distinguish the economic system from the social system. If China wants to adhere to the socialist road, it must adhere to the economic foundation of public ownership of the means of production.

Extended data:

The economic system constitutes the economic foundation of a society, determines its political system and social ideology, and is protected by political and legal systems. Advanced social and economic system will promote the development of productive forces and social progress; The backward social and economic system will hinder the development of productive forces and social progress.

When the old economic system is not changed and the productive forces are not developed, a social revolution will inevitably break out. The result of social revolution is to overthrow the old economic system and establish a new one. With the change of economic system, politics, law, culture, ideas and other things belonging to the superstructure will also change.

In addition, the economic system sometimes refers to various specific rules and regulations in various economic sectors and fields of a certain society. China's economic system is dominated by public ownership, and various ownership economies develop together. The role of this system is conducive to developing social productive forces, enhancing the country's comprehensive national strength and improving people's living standards.

Baidu Encyclopedia-Economic System