Examlex
When people come into contact with a different culture, they often experience culture shock because their basic assumptions of life are challenged.
Central Planning
An economic system where the government makes all decisions on the production and distribution of goods and services.
Freedom of Enterprise
the ability of individuals to start and manage their own businesses without undue restriction or interference.
Entrepreneurs
Individuals who start, organize, manage, and assume the risk for a business or enterprise, often introducing new products or services to the market.
Economic Resources
Assets or materials that can be used in the production of goods and services, including labor, capital, and natural resources.
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