Examlex
Discipline of the members of a professional association is carried out by peers.
Normative Statements
Statements that express opinions on how the world ought to be, involving value judgments rather than factual claims.
Expressions Of Facts
Statements that aim to convey information about reality or actual events without alteration.
Economic Model
A simplified representation or framework that economists use to describe and analyze economic processes, relationships, or phenomena.
Capital Goods
Long-lasting goods purchased and used by businesses to produce goods and services and contribute to their output.
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