Examlex
In contrast to concrete operational thinkers, formal operational thinkers
Childcare Center
A facility that provides care and education to young children during the working hours, facilitating parental employment.
Profitable
Describing a business or activity that generates more revenue than it costs to operate, resulting in a financial gain.
Centrally Planned Economies
Economic systems where decisions about production, investment, and distribution are made by the government rather than the market.
Coordination Problem
Challenges that occur when agents in an economy or organization need to optimize their decisions based on others' actions, resulting in potential inefficiencies or missed opportunities.
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