Examlex
The key of an attribute is a description of an attribute's possible values.
Bolivarian Socialism
A political and economic ideology based on the visions of South American liberator Simón Bolívar, focusing on the redistribution of wealth, land reform, and nationalization of key industries.
Laissez-Faire
A hands-off approach to economic policy where government intervention in business affairs is minimized.
Market System Characteristics
Features distinctive to market economies, such as private property, profit motive, consumer sovereignty, and competition.
Specialization
The concentration of the productive efforts of individuals or firms on a limited number of activities, leading to increased efficiency.
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