Examlex
Use this fact situation to answer the related questions that follow: Alexander enters a grocery store to purchase some tea.He walks through the aisles until he finds the aisle he wants with the different kinds of tea displayed on the shelves.He finds the tea that he wants and then goes to the cashier,who scans the tea and tells Alexander the price,which Alexander then pays.The cashier then hands the tea to Alexander,who leaves the store.
In this situation,the tea on the store shelves is
Market System
An economic system where the allocation of resources and the distribution of goods and services are determined by supply and demand in a free market.
Government Prescribes
Refers to regulations or directives made by a government to influence or control certain activities.
Private Property
Land or belongings owned by individuals or corporations, distinct from property owned by the government or community.
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