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Some theorists have suggested that capitalistic countries will adopt elements of socialism, and socialist countries will adopt elements of capitalism. What is this idea called?
Model
A representation, often simplified, used to describe or simulate a process, system, or concept to promote understanding or predict outcomes.
Waive Warranties
involves the voluntary act of relinquishing one's legal right to enforce warranty claims against a seller.
Express Warranties
Explicit guarantees provided by a seller regarding the quality, condition, or performance of a product.
Implied Warranties
Legal guarantees assumed in a transaction that the product will meet a minimum level of quality and functionality.
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