The Financial System Is Important Because It Helps to Match

question 188

Short Answer

The financial system is important because it helps to match one person's _____ with another person's _____.

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Definitions:

Output

The total amount of goods or services produced by an individual, firm, or country.

Average Fixed Costs

The total fixed expenses of a business divided by the quantity of units produced, decreasing as production increases.

Variable Costs

Variable Costs are expenses that change in direct proportion to the volume of output or activity in a business, such as materials and labor.