Examlex
Conceptual blocks are mental obstacles that constrain the way problems are defined and that limit the number of alternative solutions thought to be relevant.
Communism
An economic system characterized by collective ownership of most resources and central planning.
Modified Version
A version that has been altered or adjusted from its original form.
Socialist Economy
An economic system where the means of production, distribution, and exchange are owned or regulated by the community as a whole.
Market Failure
A situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.
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