Examlex
One reason that government might regulate business is to control excessive competition.Govenunent also regulates business to control natural monopolies.Which situation is worse--monopoly or excessive competition?
Functionalism
A sociological paradigm that emphasizes the way in which the parts of a society are structured to maintain its stability and functionality.
Conflict Theory
A theoretical framework in sociology that views social life as a competition for limited resources.
Income
Money received annually from all sources.
Wealth
Net accumulated assets, including homes, land, and stocks.
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