Examlex
What is the multiplier? How is it calculated? Why is the multiplier related only to consumption spending?
Capitalism
An economic system based on private ownership of the means of production and the creation of goods or services for profit.
Karl Marx
A 19th-century philosopher, economist, and political theorist known for his critical analysis of capitalism and his theories about communism.
Demographic Transition
The process of change in a society's population from high birth and death rates to low birth and death rates, often associated with economic development.
Deaths
The termination of all biological functions that sustain a living organism.
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