Examlex
Life cycle and generational explanations both attempt to explain
Capitalist Economy
A Capitalist Economy is an economic system where private individuals and businesses own the means of production and operate for profit, with minimal government intervention.
Financial Risk
The possibility of losing money on an investment or business venture.
Command Systems
Economic systems in which a centralized authority, typically the government, makes all decisions regarding the production and distribution of goods and services.
Market Systems
The network of buyers, sellers, and other actors that come together to trade in a given product or service, governed by supply and demand.
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