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Ming founder Hongwu used the civil service examinations and state-run school system as tools of political indoctrination, establishing the ideology of
Dominant Strategy
A tactic in game theory that remains optimal for an individual, irrespective of the choices made by their counterparts.
Annual Profits
The total profit a business earns over one financial year, calculated as the difference between its revenue and expenses during that period.
Good Quality Product
A product that meets or exceeds customer expectations in terms of durability, reliability, functionality, and satisfaction.
Tit-for-Tat Strategy
A cooperative strategy in game theory where a player's move is to replicate the opponent's previous action, often used in repeat interaction settings to promote cooperation.