Examlex
What was eugenics?
Market System
An economic system where decisions regarding investment, production, and distribution are based on supply and demand, guiding the allocation of resources through the price mechanism.
Entrepreneurship
The process of designing, launching, and running a new business, which initially is a small business offering a product, process, or service for sale or hire.
Regulation
The establishment of rules and laws by governments or regulatory bodies to control or govern conduct within various fields or industries.
Invisible Hand
A metaphor introduced by Adam Smith to describe the self-regulating nature of the marketplace, where individual self-interests unintentionally benefit society.
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