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Why Do We Have States? Would It Be Possible for People

question 16

Essay

Why do we have states? Would it be possible for people to live without them? If states disappeared in the future, what would replace them?


Definitions:

Shut Down

A short-term decision by a firm to cease production when marginal revenue does not cover variable costs, differing from going out of business, which is a long-term decision.

Total Revenues

The entire sum of money earned from selling goods or services prior to deducting any costs.

Fixed Costs

Expenses that do not change in relation to the level of goods or services produced by a business, such as rent, salaries, and loan payments.

Off Season

A period of the year when a particular activity, typically related to tourism or agriculture, is at its lowest level of demand.

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