When Was the Structured Living Environment (SLE) Approach Was Implemented

question 273

Multiple Choice

When was the Structured Living Environment (SLE) approach was implemented?

• A)1978
• B)1988
• C)1998
• D)2008

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Definitions:

Capitalist Economy

An economic system where private individuals rather than the state own and control businesses and the means of production.

Market System

The operational mechanics of this economic setting revolve around decisions on investment, production rates, and distribution channels being directed by supply and demand, with a pricing strategy that allows for free determination of goods and services prices.

Entrepreneurship

The act of creating, organizing, and running a new business venture, often taking on financial risks in the hope of profit and innovation.

Specialization

The process by which individuals, firms, or countries concentrate on producing a narrow range of goods or services, often to increase efficiency and output.