Examlex
Which characteristic of competitive markets is mainly responsible for ensuring that prices will be kept low?
Centralization
The process of concentrating control and authority into a central organization or location.
Western Homogeneity
The perception or belief in a shared and uniform set of cultural characteristics, values, and practices across Western nations, overlooking regional and individual diversity.
Neoliberalism
A political and economic philosophy advocating for free market principles, reduced government regulation, and a minimization of the state's role in society.
Individual Liberty
The freedom of individuals to act as they choose, as long as they do not infringe on the equal rights of others, often considered a foundational aspect of democratic societies.
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