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:

Unit Variable Cost

The financial outlay linked to the creation of one more unit of a product.

Break Even

The point at which total costs and total revenue are equal, meaning that a business or investment is neither making a profit nor a loss.

Fixed Costs

Fixed costs are business expenses that do not change regardless of the level of goods or services produced, such as rent, salaries, and insurance premiums.

Total Revenue

The total amount of money generated by a company from its business activities, such as sales of goods or services, before any expenses are subtracted.