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According to a revised perspective on democratic peace, what characterizes new democracies?
Direct Labor Costs
Expenses that are directly associated with the manufacturing of a product or the delivery of a service, such as wages of workers on the production line.
Factory Overhead
Indirect manufacturing costs not directly tied to individual products, encompassing expenses like factory rent, utilities, and equipment depreciation.
Work in Process Inventory
Items in a manufacturing process that are partially completed but not yet finished goods.
Raw Materials Used
The quantity of basic materials and components consumed in the production process to manufacture goods.
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