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Government Involvement
The extent to which the government intervenes in the economy, which can range from regulation and tax policy to direct control or ownership of businesses.
Self-Interest
The driving force in economics that motivates individuals to pursue their own objectives and desires, often leading to economic activity and exchanges.
Private Enterprise
Businesses or economic activities owned and managed by individual private owners rather than by the state.
Former Soviet Union
The socialist state that existed from 1922 to 1991, comprised of Russia and several other republics, which disbanded, leading to the formation of independent countries.
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