Autocracy Is a Political System in Which the Legitimacy of Government

question 10

True/False

Autocracy is a political system in which the legitimacy of government is derived from its election by the citizens of the country.

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a given market, determined by supply and demand.

Units

Measurements or quantities of a product or service.

Short-Run Costs

Costs that vary with the level of output in the short term, where at least one factor of production is fixed.

Profitable Level

The point at which a business or operation generates revenue that exceeds its costs, leading to profitability.