A Nation-State Is a Unit of Political Organization That Has

question 33

True/False

A nation-state is a unit of political organization that has recognizable national boundaries and whose citizens possess specific legal rights and obligations.They emerge as countries develop specific geographic territories and acquire greater ability to defend their borders.

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Definitions:

Labor

The employment of both mental and physical human faculties in the generation of products and the delivery of services.

Capital

Financial assets or the financial value of assets, such as cash or goods, used in a company to fund its operations and facilitate its growth.

Superstars

Highly distinguished and successful individuals, often in sports, entertainment, or other fields.

Marginal Revenue Product

The additional revenue that a firm generates by employing one more unit of input, like labour or capital.