The Basis for Abbreviations Is Brevity, Meaning Short and Concise

question 14

True/False

The basis for abbreviations is brevity, meaning short and concise.

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Definitions:

Free Market Capitalism

An economic system where prices for goods and services are determined by the open market and consumers, with minimal governmental intervention.

Adam Smith

An 18th-century Scottish economist and philosopher known as the father of modern economics, best known for his theories on free markets and the invisible hand.

Morals

Principles or habits with respect to right or wrong conduct, often influenced by cultural, religious, or personal beliefs.

Rule Deontology

An ethical theory that stresses the importance of following universal rules or duties in ethical decision-making, regardless of the consequences.