Which Social Institution Introduces Most Innovations to Society

question 104

Multiple Choice

Which social institution introduces most innovations to society?

• A) corporations
• B) schools
• C) government
• D) family
• E) religion

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Definitions:

Centralized Planning

A system of economy where all choices related to the creation and allocation of goods and services are made by a central governmental body.

Competitive Markets

Markets where many buyers and sellers trade goods and services under conditions of few restrictions, leading to the best prices for both parties.

Opportunity Cost

The advantage lost by selecting one option instead of another.

Full-tuition Scholarships

Financial awards covering the entire cost of tuition for students, often based on academic merit, need, or other criteria, provided by educational institutions or donors.