Examlex
Explain Aristotle's classifications of government and discuss his views of which types are "good" and which are "bad."
Central Planning
A system where decisions about production, investment, and distribution are made by the government or a centralized authority.
Comparative Advantage
The capability of a person or group to execute a specific economic action more effectively than another action.
Exchange
The act of giving one thing and receiving another, especially of the same type or value, commonly used in the context of goods, services, or financial instruments.
Individuals
Refers to single human beings, distinct from a group, class, or family.
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