What Is an Economic System?

What Is an Economic System?

What is an economic regime?

The economic regime is a set of rules that determine how assets and financial resources are managed in a society. It defines how assets and liabilities are distributed among the members of a family or company, as well as the responsibilities of each party involved.

Partial community of property regime

Under the partial community of property regime, only property acquired after the marriage is considered common to the couple. Assets that each spouse owned before the marriage remain their individual property, as do inheritances and donations received during the marriage.

Regime of universal communion of property

Under the universal community of property regime, all the couple's assets, both those acquired before and during the marriage, are considered common. This means that both have equal rights to all the assets, regardless of who acquired them.

Total separation of assets

In the regime of total separation of assets, each spouse is only responsible for their own assets and debts. There is no pooling of assets, which means that each spouse retains their financial autonomy, even after marriage.

Participation scheme

In the final contribution regime, during the marriage, each spouse has financial autonomy, but at the end of the union, the assets acquired jointly are divided equally. Each person owns what they have acquired individually, but the joint assets are shared.

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