Examlex
What anatomy is labeled as number 6 in the image below?
Private Ownership
The legal right of individuals or corporations to own property and assets, distinguishing from public or state ownership.
Allocation Mechanism
The process or system used to determine how resources are distributed and goods and services are allocated in an economy.
Incentive Function
A principle or mechanism designed to motivate individuals or entities to act in a desired manner by offering rewards or consequences.
Productive Resource
Any resource used in the creation of goods and services, including land, labor, and capital.
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