Examlex
The bending of waves around a feature in the water is called wave bending.
Economic Power
The ability of individuals, companies, or countries to control or influence the market, including prices, distribution, and availability of goods.
Command System
An economic system where the government makes all decisions on production and consumption.
Central Planning
An economic system where the government or a centralized authority makes all decisions regarding the production and distribution of goods and services.
Competition
The rivalry among businesses to attract consumers and gain market share, driving innovation and efficiency.
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