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Describe the functionalist, conflict theory, symbolic interactionist, and postmodern perspectives on culture, emphasizing the criticisms of each and the differences among them.
Public Sector
The portion of an economy that is controlled by the government, encompassing government services, enterprises, and state-owned entities.
Private Sector
The part of the economy that is owned and operated by private individuals and corporations, as opposed to the government or public sector.
Price Mechanism
The manner in which the prices of goods or services affect the supply and demand of those goods or services.
Equitable Distribution
The fair and just allocation of resources among members of a community or economy.
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