Examlex
The quantity of employment is determined in the ________ market and that quantity, along with the ________, determines potential GDP
Authority
The power or right to give orders, make decisions, and enforce obedience, often within a specific domain or institution.
Communism
Marx’s hypothetical economic system in which ownership of the means of production is collective and workers’ labour is not exploited.
Marx's Ideas
Refers to the philosophical and economic theories of Karl Marx, which include the critique of capitalism and the advocacy for a classless society.
Socialism
An economic system in which raw materials and the means of production are collectively owned.
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