Examlex
Discuss the ways in which discrimination is perpetuated and how people can cope effectively with discrimination.
Market System
(1) An economic system in which individuals own most economic resources and in which markets and prices serve as the dominant coordinating mechanism used to allocate those resources; capitalism. Compare with command system. (2) All the product and resource markets of a market economy and the relationships among them.
Incentives
Rewards or penalties designed to influence the actions or behaviors of individuals or entities in desired ways.
Internal Efficiency
The effective allocation and use of resources within an organization or system, leading to the achievement of its objectives without waste.
Public Sector
The segment of the economy comprised of government services and enterprises, funded and operated by the government, serving the public interest.
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