Examlex
Objects of mass consumption in society are referred to as ______.
Competition
A market condition where various sellers vie to attract customers by offering better terms, services, or goods.
Specialization
The process of focusing effort and resources on a specific task or area of production to increase efficiency and expertise.
Trade
The exchange of goods, services, or both within or between countries.
Invisible Hand
A metaphor for the self-regulating nature of the marketplace that guides individuals to unintentionally benefit society through the pursuit of their own interests.
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