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Identify the Following Terms

question 29

Short Answer

Identify the following terms.
-Daoism


Definitions:

Government Role

The responsibilities and activities undertaken by a government, including the creation and enforcement of laws, economic regulation, and public services.

Capital Goods

Physical assets used by businesses to produce goods and services, such as machinery, buildings, and equipment.

Consumer Goods

Products produced for purchase by individuals and households for personal use, such as clothing, food, and electronics.

Industrialize

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods.

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