Examlex
What does it mean to be 'in good standing'?
Economic System
An organized way a society structures its economic activities, such as production, distribution, and consumption of goods and services.
Socialism
A political and economic theory advocating for collective or governmental ownership and management of the means of production and distribution of goods.
Classless Society
A society in which hierarchical divisions based on economic status are absent, aiming for equal access to resources and opportunities for all.
Marx
Refers to Karl Marx, a 19th-century philosopher, economist, and political theorist whose works have influenced various fields, especially with his critique of capitalism and ideas about socialism and communism.
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