Examlex
The visible and tangible elements of culture are
Consumer Sovereignty
The theory that consumer preferences and choices dictate the production and sale of goods and services in a market.
Laissez-Faire Economy
An economic system where transactions between private parties are free from government intervention such as regulations, privileges, tariffs, and subsidies.
Command Economy
An economic system where the government makes all decisions on the production and consumption of goods and services.
Free Enterprise
An economic system based on private ownership and the freedom of individuals to start and manage their own businesses.
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