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If a principal and an agent enter into an express agency contract, the principal cannot employ any agent other than the exclusive agent.
Petite Bourgeoisie
A social class positioned between the lower middle class and the working class, often including small business owners and self-employed individuals.
Olin Wright
A sociologist known for his work on social class, inequality, and the possibilities for social change in capitalist societies.
Deindustrialization
The process of industrial decline in a region or economy, characterized by the closing of factories and the loss of manufacturing jobs.
Poverty
A state where an individual or community lacks the financial resources and essentials for a minimum standard of living.
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