Examlex

Solved

Migration from Rural to Urban Areas Is Largely a Result

question 107

Multiple Choice

Migration from rural to urban areas is largely a result of the desire for greater access to sources of:


Definitions:

Breakeven Point

The point at which total costs and total revenues are equal, resulting in no net loss or gain for the business.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production.

Fixed Costs

Expenses that do not vary with the level of production or business activity within a certain range.

Price Elastic

A measure of how much the demand for a product or service changes in response to a change in its price.

Related Questions