Examlex
At your university, students can take more than one class, and each class can have more than one student. This is an example of what kind of relationship?
Markets
Places or systems where buyers and sellers interact to trade goods, services, or resources.
Free Enterprise
An economic system where private individuals rather than the government have the right to own property and conduct businesses, subject to minimal regulatory constraints.
Laissez-Faire
A belief system in economics that supports capitalism with minimal to no government interference.
Market System
An economic system in which decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.
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