Examlex
A cylindrical drill with radius is used to bore a hole through the center of a sphere of radius
. Find the volume of the ring-shaped solid that remains. Round the answer to the nearest hundredth.
Laissez-Faire
An economic philosophy advocating for minimal government intervention in the marketplace, allowing the free market to govern itself through supply and demand.
Invisible Hand
A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individuals pursuing their own interests unintentionally benefit society.
Adam Smith
An 18th-century Scottish economist and philosopher best known for his theories on free market economies and the concept of the 'invisible hand' guiding supply and demand.
Multinational Corporations (MNCs)
Companies that operate in several countries, often having a centralized head office where they coordinate global management.
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