Which of the Following Is the Driver of Capitalist Economies

question 30

Multiple Choice

Which of the following is the driver of capitalist economies?

• A) Private sector
• B) Public sector
• C) Institutions
• D) Normative structures
• E) Western governments

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Definitions:

Economies Of Scope

cost advantages that enterprises obtain due to the efficient allocation and utilization of resources across multiple products or services.

Diseconomies Of Scope

A situation in which a company experiences increased costs as a result of increasing the variety of goods or services it produces.

Economies Of Scope

Cost advantages that enterprises obtain due to the efficient production of a wider variety of goods or services together rather than separately.

Long-Run Marginal Cost

The cost of producing one more unit of a product when all production factors are variable.