Agricultural Surpluses and Permanent Settlements Allowed for the Unequal Accumulation

question 31

Multiple Choice

Agricultural surpluses and permanent settlements allowed for the unequal accumulation of wealth and thus the emergence of:

• A)primitive communism.
• B)a socially,economically,and politically stratified society.
• C)charities dedicated to feeding the poor.
• D)religious rituals dedicated to increasing agricultural production.
• E)the earliest banks and trust companies.

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Definitions:

Privatization

The process of transferring ownership of a business, enterprise, agency, or public service from the government to private individuals or organizations.

Market-Based Reform

Changes or improvements to policies or practices that are guided by the principles of free market competition.

Social Regulation

Rules imposed by government to correct market failures and improve the social welfare, often relating to health, safety, and the environment.

Economic Regulation

The imposition of rules by the government, aimed at modifying the natural behavior of the economy to achieve specific outcomes like protecting consumers or ensuring fair market competition.