The Three Basic Requirements of Production Are: (1) Creating a Finished

question 25

True/False

The three basic requirements of production are: (1) creating a finished good (2) making sure you created it at the lowest cost possible, and (3) selling it.

---

Definitions:

Fugitive Slave Act

Laws enacted in the United States in 1793 and 1850 requiring the return of runaway slaves to their owners.

Presidential Election

The process by which the President of the United States is elected, typically through a combination of popular vote and the Electoral College system.

Republicans

A member or supporter of the Republican Party, a major political party in the United States known for its conservative positions on economic and social issues.

Southern Slaves

Enslaved people in the southern United States, particularly in agricultural settings, pivotal to the agricultural economy before the abolition of slavery.