Examlex
The lack of inventory capability in services is due to which of the following characteristics of services?
Communism
A political and economic ideology that aims at creating a classless society in which the means of production are owned and controlled by the community as a whole.
Capitalism
An economic system based on private ownership of the means of production and their operation for profit.
Capitalist States
Countries where the trade and industry are controlled by private owners for profit, rather than by the state.
Authoritarian States
Nations governed by a single ruler or a small group of individuals, where individual freedoms and democratic processes are limited.
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