Examlex
Outline how alcohol is metabolized during light to moderate drinking
Command Systems
Economic systems where the government controls key sectors of the economy, determining what goods are produced, their prices, and distribution.
Invisible Hand
A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individuals' pursuit of self-interest leads to the benefit of society at large.
Adam Smith
An 18th-century Scottish economist known as the father of modern economics, best remembered for his theory of the invisible hand.
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