Examlex
Use the binomial theorem to expand
Central Planning
An economic system where key decisions regarding production, investment, and distribution are made by the government or a central authority, rather than left to market forces.
Consumer Goods
Products and services that satisfy human wants directly.
Dollar Votes
A term suggesting that consumers participate in the market and influence production and consumption patterns through their spending choices.
Product Market
The marketplace where final goods or services are traded between producers and consumers.
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