Which of the following allows the accumulation of resources through retained earnings and their allocation within the firm without having to incur the transactions costs of raising funds in the capital markets?

Question

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Managerial capitalism allows for the accumulation of resources through retained earnings and their allocation within the firm without having to incur the transactions costs of raising funds in the capital markets. Market capitalism operates with a stronger focus on the efficiency of the capital markets, while cooperative socialism involves collective ownership and decision-making within a community. A welfare economy typically involves government intervention to promote social welfare through various policies and programs.

Which of the Following Allows the Accumulation of Resources Through