Examlex
Which of the following is true about environmental performance?
Industrial Economy
An economy characterized by the mass production of goods and services in large-scale enterprises, utilizing technological advancements and machinery.
Postindustrial Economy
An economic phase in which manufacturing no longer plays a dominant role, often characterized by an increase in service and information-based industries.
Socialism
A political and economic theory advocating for collective or governmental ownership and administration of the means of production and distribution of goods.
Capitalist Society
A socio-economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.
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