Examlex
_____ is the dynamic process of developing new channels where none existed and modifying existing channels.
McDonald's
A global fast-food company recognized for its burgers, fries, and breakfast items, known as a pioneer in the quick service restaurant industry.
Donald Boudreaux
An American economist, author, and professor known for his work on free market economics.
Private Property
Ownership rights over property (such as land, buildings, or goods) by individuals or non-governmental entities.
Market System
A type of economic system where decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.
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