Examlex
Not all conflict is detrimental.
Price Mechanism
The way in which prices rise and fall as a result of changes in supply and demand, allocating resources through the economy.
Equitable Distribution
The fair and just distribution of economic benefits across a society, aiming for a balanced allocation of wealth and opportunities.
Efficient Allocation
The process by which resources are optimally distributed to meet the needs and maximize the welfare of the economy or market.
Soviet Model
An economic and political system found in the former Soviet Union, characterized by state ownership of resources, central planning, and one-party rule.
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