Examlex
Research on gender differences in moral reasoning has consistently found that boys use a morality of justice and girls use a morality of care in making moral decisions.
Laissez-Faire
A hands-off approach to economic policy where government intervention in business affairs is minimized.
Market System Characteristics
Features distinctive to market economies, such as private property, profit motive, consumer sovereignty, and competition.
Specialization
The concentration of the productive efforts of individuals or firms on a limited number of activities, leading to increased efficiency.
Production
The process of creating goods or services by combining various inputs like labor, materials, and technology.
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