Examlex
James Madison believed that ancient Greece provided a good model for American government.
European Monetary Union
An agreement among European Union member countries to use a single currency, the euro, and to coordinate their monetary policies.
Highly Productive Economies
Economies that are able to produce a significant amount of goods and services per unit of input.
Specialization
The process of focusing on and becoming an expert in a particular area of work or study, leading to improved efficiency and productivity.
Modern Economy
An economic system characterized by services, information, technology, and advanced industrial production, with a focus on innovation and global trade.
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