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According to the Theory Called ________, a Company Can Make

question 17

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According to the theory called ________, a company can make money if it sells small amounts of items that only a few people want if the company sells enough different items.


Definitions:

Dismal Science

A nickname for economics, stemming from its predictions and analyses that often focus on the limitations and constraints of economic activities.

Average Workweek

The standard number of hours worked in a week by employees in a particular sector, industry, or economy.

Industrialized Countries

Nations characterized by significant industrial activity, a high level of development, and a strong economy.

Savings Rate

The percentage of disposable income that is set aside as savings instead of being expended on goods and services.

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