Which Is an Example of a Large Scale Economy

question 29

Multiple Choice

Which is an example of a large scale economy?

• A)hunting and gathering
• B)a planned economy
• C)primitive seed agriculture
• D)feudalism

---

Definitions:

Materials Markup

The sum included in the goods' cost price to cover both overhead expenses and profit.

Time and Materials Pricing

A pricing method where customers are charged based on the actual time spent and materials used on their project.

Labor Hours

The total amount of time, measured in hours, that workers spend on producing goods or providing services within a specific period.

Income Statement

A financial document that summarizes an organization's revenues and expenses over a specific period, showing net profit or loss.