Examlex
What is mediation?
Command System
A type of economic system where production, investment, prices, and incomes are determined centrally by a government.
Laissez-Faire Capitalism
An economic system where private parties are free to conduct business transactions with minimal government intervention or regulation.
Division of Output
The allocation of the total quantity of goods or services produced among various consumers or markets.
Central Planning
An economic system where the government makes all decisions on the production and distribution of goods and services.
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