Examlex
Briefly describe the three prominent schools of thought in political philosophy. Identify one of the most well-known philosophers in each school.
Capitalist Economic System
An economic system where the means of production and distribution are privately or corporately owned and the operation is fueled by profit motive.
Structural Explanation
An approach in social science that explains phenomena in terms of the underlying social structures, such as economic, political, or legal systems.
Boom And Bust
An economic cycle characterized by periods of rapid expansion and prosperity followed by sudden decline and recession.
Shortage Of Workers
A situation where the demand for labor exceeds the supply of available workers in certain industries or geographic areas.
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