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Craft-based industries are a major component of the informal economy. Which of the following is true concerning craft-based industries? Question 17 options: Favors mechanization over

Craft-based industries are a major component of the informal economy. Which of the following is true concerning craft-based industries? Question 17 options: Favors mechanization over labor. Output is sold in retail chain stores at a steep discount. Housed in small factories employing between 20 and 50 people. Requires a minimal amount of capital investment

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