Examlex
What is the term for the people and groups who can provide emotional comfort and personal and financial resources during times of need?
Self-correction
The process by which an economic variable adjusts back to its equilibrium or normal state after a disturbance, without external intervention.
Labor Surplus
A situation where the supply of labor exceeds the demand for labor, leading to unemployment or underemployment.
Passive Approach
A strategy or policy of non-intervention, allowing market forces to operate with minimal governmental interference.
Economic Policy
Actions taken by governments or central banks to influence the economy, including decisions on monetary policy, fiscal policy, and regulatory measures.
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