Examlex
If the current flowing through a circuit of constant resistance is doubled, the power dissipated by that circuit will
Equitable Distribution
A legal principle used in family law to fairly divide property and assets between partners during a divorce.
Functions of Prices
The role prices play in indicating the scarcity of goods and allocating resources in an economy.
Market System
An economic system whereby decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.
Invisible Hand
A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individuals working for their own gain unintentionally benefit society.
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