Examlex
stores today are in one of five settings that include all of the following EXCEPT:
Social Structures
The complex framework of societal institutions (such as the economy, politics, and social norms) and the relationships between these entities that shape a society's organization.
Industrial Revolution
A period of major industrialization that took place during the late 1700s and early 1800s, transforming economies from agrarian to industrial.
Economic System
An economic system is the structured way a society allocates resources, distributes goods and services, and facilitates production and consumption patterns among its population.
Capitalism
An economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.
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