Examlex
In the ______________________________ approach to manufacturing, the sales forecast drives the production plan and goods are produced in large batches.
Autocracy
A form of government where power is concentrated in the hands of a single individual or a small group, without significant input from citizens.
Monarchy
A form of government in which a single person, the monarch, rules until death or abdication, and the position is usually inherited.
Communist
Pertaining to a political and economic system aiming for a classless society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
Socialist
Pertaining to a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
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