Since the Beginning of the Twentieth Century,capitalist Economies Have Been

question 93

Multiple Choice

Since the beginning of the twentieth century,capitalist economies have been increasingly dominated by:

• A) communists
• B) socialists
• C) corporations
• D) entrepreneurs
• E) labor unions

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Definitions:

Variable Manufacturing Cost

Costs that fluctuate with the level of production output, such as raw materials and direct labor.

Fixed Manufacturing Cost

Overheads that do not change with the level of manufacturing output, including salaries of permanent staff and rent.

Annual Impact

The effect or influence that something has over the course of a year, often used in the context of financial, environmental, or social effects.

Net Operating Income

The total profit of a business after subtracting operating expenses but before deducting taxes and interest.