Examlex
Describe the three-way handshake.
Free Enterprise System
The free enterprise system is an economic system where private businesses operate in competition and largely free of state control, based on supply and demand.
Central Planning Agency
An organization tasked with overseeing the economic planning and resource allocation in a centrally planned economy, often encompassing various industrial and service sectors.
Business Contracts
Legally binding agreements between two or more parties outlining the terms of business transactions.
Equity
The value of an ownership interest in property, including shareholders' equity in a corporation, representing the residual value to shareholders after debts and liabilities have been settled.
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