Which of the Following Does Not Limit People's Capabilities

question 82

Multiple Choice

Which of the following does not limit people's capabilities?

• A) Market failures
• B) Income
• C) Economic growth
• D) Political repression

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Definitions:

Competitive Advantage

A condition that enables a company or country to produce goods or services at a lower price or in a more desirable fashion for customers than its competitors.

Unique Product

A product that stands out from others due to its distinctive characteristics, features, or innovation.

Competitive Advantage

The unique positioning and strategy that enable a business to generate greater sales or margins than its competition.

Barriers to Entry

Economic, procedural, or regulatory hurdles that inhibit new competitors from easily entering an industry or area of business.