Examlex
Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-Huge global businesses that produce goods or deliver services simultaneously in many countries.
Economic Systems
Organized methods societies use to distribute goods and services, including capitalism, socialism, and mixed economies.
Factors of Production
The resources used in the creation of goods and services, traditionally categorized into land, labor, capital, and entrepreneurship.
Coordinate Economic Activity
The process of organizing and managing various facets of the economy to ensure efficient and effective functioning.
Technology Used
Refers to the application of scientific and technical knowledge to production processes to improve efficiency, increase output, or create new products.
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