Examlex
Policy practice includes:
Market System
A financial system is in place where market forces such as supply and demand dictate the decisions on investment, production scales, and distribution strategies, with prices for products and services set in a liberalized pricing environment.
Capitalist System
An economic system where private individuals or businesses own capital goods and the production of goods and services is based on supply and demand in the market.
Central Planning
An economic system in which decisions about production, investment, and distribution are made by a central authority, often the government.
Capital Goods
Long-lasting goods acquired by firms for producing goods and services, including machinery, buildings, and equipment.
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