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-A digital elevation model is used to show topographic relief.
Socialist Systems
Political and economic theories advocating for the ownership and administration of the means of production and distribution by the community as a whole or by a centralized government to achieve equal distribution of wealth and the elimination of social classes.
Mixed Economy
A system where both private enterprise and government intervention coexist in the economic sphere, facilitating a balance between free market principles and social welfare.
Invisible Hand
A term coined by Adam Smith to describe the unintended social benefits resulting from individual actions in a free market.
Price Mechanism
The process by which the forces of supply and demand determine the prices of goods and services in a market economy.
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