Examlex
What are the five conditions required for informed consent?
Invisible Hand
A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individuals' pursuit of their own interest leads to economic benefits for society as a whole.
Public Good
A public good is a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
Socialism
An economic system in which the government owns most of the productive resources except labor; it usually involves the redistribution of income.
Private Ownership
The ownership of property and businesses by individuals or corporations rather than by the government or the public as a whole.
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