Concerning the Issue of Personal Freedom,capitalist Systems Emphasize People's _____,While

question 32

Multiple Choice

Concerning the issue of personal freedom,capitalist systems emphasize people's _____,while socialist systems emphasize people's _____.

• A)collective needs; personal needs
• B)freedom from basic want; freedom to pursue their self-interest
• C)freedom to pursue their self-interest; freedom from basic want
• D)social needs; material needs

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Definitions:

Direct Labour

The work performed by individuals directly involved in the manufacturing of products or providing services, whose costs are directly attributable to the products or services.

Direct Materials

The raw materials and components that are directly used in the manufacturing of a product and can be directly attributed to that product.

Operating At Capacity

Operating at capacity involves a business running at the maximum output or efficiency level possible with current resources and constraints.

Contribution Margin

Contribution margin is the amount by which sales revenue exceeds variable costs, representing the portion of sales revenue that contributes to covering fixed costs.