Examlex
What is a DBMS? What are the advantages and disadvantages of using a DBMS?
Factors of Production
The resources, including land, labor, capital, and entrepreneurship, utilized in the production of goods and services.
Entrepreneurs
Individuals who start and manage their own business, taking on financial risks in the hope of profit.
Government Intervention
The involvement of a government in a market or economy typically through regulations, policies, or direct actions to influence outcomes like protecting consumers or stimulating economic growth.
Private Enterprise System
An economic system where private individuals or groups have the right to own property or businesses and make a profit with limited government intervention.
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