Examlex
The three component model of creativity incorporates expertise,task motivation,and pragmatism.
Market Failure
An instance where goods and services are distributed by an unregulated market in a manner that is not optimum, frequently causing a reduction in the total wellbeing of society.
Public Sector
The part of an economy that is controlled by the government, including public services and enterprises.
Capitalist Societies
Social systems that rely on private ownership of the means of production and operate on profit and market competition.
Political Power
The ability or authority to influence people's behavior or the course of events, often used within the context of government, organizations, or societies.
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