Examlex
In a resonating pipe that is open at one end and closed at the other end,there
Socialism
A collective form of government in which the means of production and the distribution of production are owned collectively by the community as a whole.
Communism
A political system characterized by collective ownership of the factors of production and allocation of goods and services to workers according to their needs, argue for revolutionary means to establish a communal society.
Mercantilism
An economic theory that emphasizes the importance of stockpiling precious metals and exporting more than importing to boost a nation's wealth and power.
Gross Domestic Product
The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
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