If Each of Us Could Produce Everything We Needed for Ourselves,we

question 134

Short Answer

If each of us could produce everything we needed for ourselves,we would be considered to be ________.

---

Definitions:

Net Operating Income

The revenue from a company's primary business operations minus operating expenses, excluding taxes and interest.

Units Sold

The quantity of product units that have been sold during a specific period.

Break-even Point

The point at which total costs and total revenues are equal, meaning the business is neither making a profit nor suffering a loss.

Variable Expenses

Costs that change in proportion to the level of activity or volume of production in a business.