Examlex
Which of the following would be primarily determined in the resource markets?
Trickle-down Economics
An economic theory that advocates reducing taxes on businesses and the wealthy in society as a means to stimulate business investment in the short term and benefit society at large in the long term.
Dependency Theory
A theory in international relations and economic development positing that resources flow from a "periphery" of poor and underdeveloped states to a "core" of wealthy states, perpetuating neocolonial dependency.
Capitalist Economic System
An economic system based on private ownership of the means of production and where prices, production, and distribution of goods are determined by competition in a free market.
Social Arrangements
The structured ways in which society is organized, including institutions, hierarchies, and social relationships.
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