Because of Careful Planning, the Former Soviet Union Was Able

question 98

True/False

Because of careful planning, the former Soviet Union was able to avoid the pollution problems so evident in capitalism.

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Definitions:

Inputs

Resources such as labor, materials, and capital used in the production process to create goods or services.

Existing Firms

Companies or businesses that are currently in operation within a particular market or industry.

Fixed Cost

Expenses that do not change with the level of output or sales in the short term, such as rent, salaries, and insurance.

Insurance Payment

A sum of money paid regularly to an insurance company for a policy, which provides financial protection against loss or harm.