Examlex
Explain why the human nervous system (including the brain)can be considered an information-processing system,and identify the parts of the nervous system that perform the major functions of an information-processing system.
Adam Smith
An 18th-century Scottish economist and philosopher, widely considered the father of modern economics, best known for his works on the principles of free market capitalism.
Free Markets
Economic systems in which the prices for goods and services are determined by the open market and consumers, without government intervention.
Equilibrium Price
The rate in the marketplace at which the volume of goods being offered is the same as the volume of goods being sought.
Equilibrium Quantity
The quantity of a good or service at which demand meets supply.
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