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  1. Aug 12, 2022 · Economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated. This is also known as an economic system.

  2. Command definition, to direct with specific authority or prerogative; order: The captain commanded his men to attack. See more.

  3. It is different from the central planning system that is also known as a command economy or a planned economy. The main characteristic of a capitalist economy is the motive of earning profit. The capitalist economy is also characterised by the presence of free markets and lack of participation by the government in regulating the business.

  4. Desertification – Degradation of Fertile Land. Desertification is the degradation process by which a fertile land changes itself into a desert by losing its flora and fauna, this can be caused by drought, deforestation, climate change, human activities or improper agriculture.

  5. influence: [noun] an ethereal fluid held to flow from the stars and to affect the actions of humans. an emanation of occult power held to derive from stars.

  6. Oct 15, 2021 · The definition of a social contract is a group of people who agree to surrender certain rights and adopt a central authority to protect their other rights. The origins of this concept date back to ...

  7. Sep 22, 2021 · Learn more about the definition, characteristics, and examples of free enterprise economic systems, such as the one used in the United States. Updated: 09/22/2021 Create an account

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