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Explain how JIT production and lean manufacturing are related.
Economic Conservatism
A political and economic ideology that advocates for free market policies, limited government intervention, and fiscal restraint to encourage economic growth.
World War II
A global military conflict that lasted from 1939 to 1945, involving most of the world's nations including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.
Fifth Freedom
A term coined during World War II representing the freedom to access resources; it extends the Four Freedoms President Franklin D. Roosevelt spoke of.
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