Examlex
Given the information in the table above
Government Allocates
This term signifies the process by which a government distributes resources or funds among various departments, projects, or areas of need within the country.
Capitalism
An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.
Market-based Economy
An economic system where prices and the distribution of goods are determined by supply and demand in a free market.
Mercantilism
An economic theory prevalent in the 16th to 18th centuries focusing on maximizing a nation's exports and minimizing imports to accumulate wealth and precious metals.
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