When Members of the Middle and Upper-Middle Classes, Usually Whites

question 79

Multiple Choice

When members of the middle and upper-middle classes, usually whites, move into the central city area and renovate existing properties, this is termed ___________.

• A) invasion
• B) succession
• C) gentrification
• D) diffusion

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Definitions:

Liabilities

Liabilities represent obligations or debts that a company owes to external parties, which must be settled through the transfer of assets or services.

Assets

Economic resources owned by a business or individual, expected to bring future benefits.

Net Income

The total profit or loss of a business after all expenses, taxes, and costs have been subtracted from total revenue.

Net Loss

A situation where total expenses exceed total revenues, indicating a negative profit.