Examlex
The density of water decreases with increasing temperature. This is known as __.
Capital Goods
Long-lasting goods that are used in the production of other goods and services but are not themselves part of the end product.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision, representing the benefits one misses out on when choosing one option over another.
Socialistic Economies
Economic systems where the production and distribution of goods and services are controlled by the state, aiming for equal wealth distribution and reduction of economic inequalities.
Central Planning
Describes an economic system where the government makes all decisions about the production and distribution of goods and services.
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