The ____________________ of ____________________ Took Powers Away from the British

question 7

Short Answer

The ____________________ of ____________________ took powers away from the British landowning aristocracy and benefited the urban middle classes.

---

Definitions:

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.

Property Insurance

Insurance coverage that provides protection against most risks to property, such as fire, theft, and some weather damages.

Marginal Cost

The cost incurred by producing one additional unit of a product or service.

Output

The total amount of goods or services produced by an individual, company, or economy during a specific period.