Examlex
Which of the following is an example of a subordinate-level category?
Central Government
The government entity or authority that holds the highest level of governance within a nation, responsible for national policies and administration.
Consumer Sovereignty
The theory that consumer preferences and choices dictate the production and sale of goods and services in a market.
Laissez-Faire Economy
An economic system where transactions between private parties are free from government intervention such as regulations, privileges, tariffs, and subsidies.
Command Economy
An economic system where the government makes all decisions on the production and consumption of goods and services.
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