Examlex
In a federal system, a central government is given power to act nationally, while states administer to local concerns.
Rule of Law
The principle that all members of a society, including those in government, are equally subject to publicly disclosed legal codes and processes.
Infrastructure
The basic physical and organizational infrastructure and services such as buildings, roads, and power facilities required for the functioning of a society or business.
Human Capital
The collective skills, knowledge, and other intangible assets of individuals that can be used to create economic value.
Surplus Labor
This term refers to the portion of the labor force which is not currently being employed to its full potential, often leading to unemployment or underemployment in an economy.
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