Examlex
Entrepreneurs are the agents who introduce change into the competitive system.Elaborate.
Suppliers
Entities or individuals that provide goods or services to another entity, typically within a supply chain context.
Capitalism
An economic system where private individuals own and control the means of production and distribution of goods, with minimal government interference.
Socialism
An economic and political system where the government or the public as a whole owns and controls the means of production, aiming for an equitable distribution of wealth and resources.
Market System
An economic system where decisions regarding investment, production, and distribution are based on supply and demand, with prices serving as signals to participants.
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