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Discuss the deficit model of ethnic identity with an example.
Socialist Economy
An economic system where the production and distribution of goods and services are regulated by the government, aiming for equal wealth distribution and minimizing economic inequalities.
State Enterprises
Businesses owned and operated by the government aimed at providing services or goods to the public.
Incentives
Motivational tools or rewards designed to encourage specific actions or behaviors by individuals or groups.
Economic Recession
A significant decline in economic activity across the economy, lasting for several months or longer, often visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
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