Examlex
The sociologist recognizes that there are various kinds of "truth."
Communist Economic System
An economic system where all property is publicly owned and each person works and is paid according to their abilities and needs.
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.
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