Examlex
Explain the difference between the Supreme Court's original and appellate jurisdiction.
Laissez-faire System
A laissez-faire system is an economic principle advocating minimal government intervention in the operations of free markets and the economic decisions of individuals and businesses.
Market
A market is a platform or environment where buyers and sellers come together to facilitate the exchange of goods, services, or information.
Capital Goods
Long-lasting goods acquired by a business to produce goods or services, as opposed to being sold directly to consumers.
Productive Resources
Inputs used in the production of goods or services in order to make an economic profit. These include land, labor, capital, and entrepreneurship.
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