Examlex
Pepsin is named because it catalyzes a hydrolysis reaction, and the IEC uses "in" as the word ending to indicate hydrolysis reaction.
Equity
The concept of fairness or justice, often discussed in the distribution of wealth, or the ownership interest in a firm.
Perfectly Competitive System
A market structure where many firms offer products or services that are similar, leading to a high level of competition and prices that reflect the true supply and demand.
Allocation of Resources
The process of assigning available resources, both human and material, to specific uses to satisfy the needs and wants of a society.
Equal Distribution
The concept of distributing resources or income in a way that every member of a society gets an equal share.
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