Examlex
When should transaction be used?
Business Entrepreneur
An individual who identifies a business opportunity and takes financial risk to establish and manage a new enterprise.
The State
Consists of the institutions responsible for formulating and carrying out a country’s laws and public policies.
Coercive Socio-Political System
A form of governance or societal structure where power is maintained and exercised through force, intimidation, or repression.
Authoritarian Command Apparatus
A structure of governance where power is concentrated in the hands of a single authority or a small group, with strict obedience expected from the populace.
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