Examlex
All governments face a budget constraint: none can spend more than the sum of current government revenues plus the amount that creditors are willing to lend.Why,then,do government budget deficits matter?
Collectivism
The principle of prioritizing the needs and goals of the group over the individual.
Individual Achievement
Success or accomplishment attained through one's own efforts or abilities, often highlighted in contexts emphasizing personal accountability.
Capitalism
An economic system based on private ownership of the means of production and their operation for profit.
Model Minority
A stereotype applied to a particular ethnic, racial, or cultural group that is seen as achieving a higher degree of socioeconomic success than the population average, often masking underlying challenges.
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