Examlex
Which of the following is true about warrants?
Price Mechanism
The process by which the forces of demand and supply determine the prices of goods and services and allocate resources in an economy.
Capitalism
An economic system in which private individuals and businesses own capital goods and the production of goods and services is based on supply and demand in the market.
Economic System
The structured way in which a country or region organizes its economic activities and allocates resources.
Cultural Revolution
The Cultural Revolution was a socio-political movement in China, led by Mao Zedong from 1966 until 1976, aimed at preserving Chinese Communism by purging remnants of capitalist and traditional elements from Chinese society.
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