Examlex
__________ arises from decisions that affect the left-hand side of the balance sheet, while ________________ arises from decisions that affect the right-hand side of the balance sheet.
Ethnic Tolerance
The acceptance and respect for various ethnic groups, cultures, and practices, promoting a harmonious and inclusive society.
Military Supremacy
The dominant position of a state's armed forces over those of other countries, enabling it to conduct military operations with higher effectiveness and efficiency or deter potential threats.
Road To Serfdom
A book by Friedrich Hayek, published in 1944, warning of the potential dangers of government control leading to totalitarianism, arguing for the preservation of individual freedoms.
Laissez-Faire Economics
An economic philosophy of free-market capitalism that opposes government intervention.
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