Examlex
Explain how access to information affects the probability of successful cooperation.
Import Commodities
Goods or services brought into one country from another for the purpose of trade.
Economic Organization
Structured arrangements within an economy that determine how resources are allocated, goods are produced, and services are distributed.
Socialism
A system of economic organization in which (1) the ownership and control of the basic means of production rest with the state and (2) resource allocation is determined by centralized planning rather than by market forces.
Central Planning
A system where decisions about production, investment, and distribution are made by the government or a centralized authority.
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