In Developing Countries,it Can Be Expensive and Time-Consuming for the Poor

question 77

Multiple Choice

In developing countries,it can be expensive and time-consuming for the poor to legalize their property ownership. Without legal title,the property cannot be used as ________ to borrow funds.

• A)collateral
• B)points
• C)interest
• D)restrictive covenants

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Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Costs

The monetary value associated with the consumption of resources, such as production, operations, or acquisition expenses.

Unhealthy Rivalries

Competitive relationships that can have negative effects on individuals or groups, including stress, decreased cooperation, and conflict.

Work Process

The sequence of tasks or activities that are undertaken to transform inputs (resources, materials, information) into outputs (products, services).