Examlex
How would world systems theory classify a nation that has little global power and is exploited by more powerful nations for its labor and natural resources?
Private Enterprise System
A system where private individuals or groups own and operate businesses with minimal government intervention, emphasizing profit and free market principles.
Invisible Hand
A term introduced by Adam Smith to describe the self-regulating nature of the marketplace that guides individuals to unintentionally benefit society through their personal gain.
Global Aviation
The sector that encompasses all aspects of airline operations, airport management, and regulations governing international air travel, connecting the world through flight.
Government Interference
Actions taken by a government to regulate, control, or participate in economic activities, often affecting market operations.
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