Examlex
In a deep mine,temperatures increase at the rate of approximately ______ per kilometer.
Privately Owned
Refers to properties, businesses, or assets that are owned by individuals or private companies and not by the state or public entities.
Price System
A mechanism through which prices adjust to balance supply and demand for goods and services in an economy.
Centralized Planning
A system of economy where all choices related to the creation and allocation of goods and services are made by a central governmental body.
Competitive Markets
Markets where many buyers and sellers trade goods and services under conditions of few restrictions, leading to the best prices for both parties.
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