Examlex
This delegate at the Constitutional Convention suggested that the president be elected directly by the people.
Governmental Direction
Guidance or regulation provided by government bodies to influence or control certain activities, industries, or economic policies.
Roundabout Production
An economic concept that refers to more capital-intensive and indirect methods of production, which, although initially more time-consuming and costly, lead to greater efficiencies and outputs in the long run.
Capital Goods
Capital goods are physical assets that a business uses in the production process to manufacture products and services that consumers will later use.
Consumer Desire
The want for goods, services, or experiences that can provide satisfaction or utility to the consumer.
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