Examlex
Explain how group lending works.
Laissez Faire
An economic philosophy advocating for minimal governmental intervention in the marketplace and the free operation of supply and demand forces.
Say's Law
The principle that supply creates its own demand, meaning production necessarily leads to an equivalent level of demand in the economy.
Monetarists
Monetarists believe in the control of the supply of money as the primary method of controlling inflation and stabilizing the economy.
Balancing the Budget
The process of adjusting income and expenditure so that they equal each other, resulting in neither a budget deficit nor a surplus.
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