Examlex
The process of changing your behavior in direct response to the demands of an authority is known as
Private Ownership
The legal right of individuals or entities to own property, assets, or businesses without governmental intervention.
Means Of Production
The physical, non-human inputs used for the production of economic value, such as factories, machines, and tools.
Circular Flow Model
Goods and services flow from business firms to households in exchange for consumer expenditures, while resources flow from households to business firms in exchange for resource payments.
Supply Products
The activity of making goods available to consumers, often involving manufacturing, distribution, and sale processes.
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