Examlex
A joystick is a pen-type input device used to draw and tap on icons.
Market Failure
A situation in which the allocation of goods and services is not efficient, often leading to a net social welfare loss.
Suburbs
Residential areas located on the outskirts of cities, typically characterized by lower population density, individual housing, and a reliance on commuting.
Collective Farms
A form of agricultural production in which multiple farmers run their holdings as a joint enterprise.
Private Ownership
The holding of assets by non-governmental entities or individuals, allowing control and earning potential from those assets.
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