In Economic Policy,the Basic Principle Underlying Conservatism Is _____

question 61

Multiple Choice

In economic policy,the basic principle underlying conservatism is _____.

• A)laissez faire
• B)government regulation
• C)central planning
• D)social equality
• E)collective responsibility

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Definitions:

Profit Margin

A financial ratio used to assess a company's financial health, showing the percentage of revenue that exceeds the cost of goods sold.

Liability

Financial obligations or debts owed by a company or individual to others, which must be settled over time.

Asset

An Asset is any resource owned or controlled by a business or an individual that is expected to produce future economic value.

Revenue

The total income generated by a company from its business activities, such as sales of goods and services, before any expenses are deducted.