Examlex
All of the following abbreviations indicate a procedure EXCEPT:
Fascist
Describes an authoritarian and nationalistic right-wing system of government and social organization.
Economic System
The structured and organized way by which a society decides on the production, distribution, and consumption of goods and services.
Invisible Hand
The invisible hand is a metaphor introduced by Adam Smith to describe the unintended social benefits resulting from individual actions driven by self-interest.
Perfect Competition
A market structure characterized by a large number of small firms, homogeneous products, and the free entry and exit of firms, where no single firm can influence the market price.
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