Who Receives the Most of What Is Produced in a Market

question 42

Multiple Choice

Who receives the most of what is produced in a market economy?

• A)lawmakers and other politically favored groups
• B)those who are most willing and able to buy them
• C)everyone receives an equal amount
• D)people who earn the highest incomes

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Definitions:

LEAN

A systematic approach to minimizing waste within a manufacturing system without sacrificing productivity.

Six Sigma

A set of techniques and tools for process improvement aimed at reducing defects and variability in manufacturing and business processes.

Forecast Period

The specific time period in the future for which forecasts of variables such as demand, costs or weather are made.

Qualified People

Individuals who have the necessary skills, knowledge, and experience to perform a particular job effectively.