Examlex
The ________ database model was developed to solve some of the problems of the hierarchical database model.
Central Planning
An economic system where decisions about production, investment, and distribution are made by the government or a central authority.
Consumer Sovereignty
The concept that consumers' preferences determine the production of goods and services, guiding the allocation of resources in a market.
Monarchy
A form of government where a single person, the monarch, rules until death or abdication, with the position often inherited.
Profits
The financial gain realized when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.
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