Examlex
Theocracy is a form of government in which the theory of economic warfare takes precedence over nationalism.
Variable Costs
Expenses that change in direct proportion to the amount of production or output.
Total Cost
The sum of all costs incurred by a business in the production of goods or services, including fixed and variable costs.
Prospective Sales
Forecasted or anticipated sales based on current trends, marketing strategies, and economic conditions.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with increasing scale.
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