Examlex
When the investigator intervenes to create an artificial environment to test a hypothesis,this approach is called artificial observation.
Competition
The rivalry among businesses to attract consumers and gain market share, driving innovation and efficiency.
Independently Acting
The behavior of an entity that makes decisions based on its own interest and circumstances rather than being influenced by others.
Market System
An economic system in which decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.
Private Property
A legal designation for the ownership of property by individuals or businesses, not by the state or government.
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