Examlex
Which of the following is a key factor in maintaining one's quality of life and is essential to maintaining independence in later life?
Government Intervention
Actions taken by a government to influence or directly regulate economic, social, or other activities within a country.
Socioeconomic
Pertaining to the relationship between social and economic elements.
Neo-classical
Pertaining to a 19th and early 20th-century revival of interest in classical economic theories, focusing on marginal utility, distribution of resources, and the roles of supply and demand.
Classical Economic
refers to a school of thought in economics that emphasizes the importance of free markets, competition, and the self-regulating nature of economic systems, originating mainly from the ideas of Adam Smith.
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