Sociology May Be Defined as

question 26

Multiple Choice

Sociology may be defined as

• A)a collection of information about life
• B)a process of discovering different viewpoints
• C)a means of selecting the best policy for society
• D)the systematic analysis of the social aspects of human life

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Definitions:

APC

Average Propensity to Consume (APC) is a measure of the fraction of income spent on consumption rather than saving in an economy.

Disposable Income

Discretionary income for households to utilize in their saving and spending after the enforcement of income taxes.

Consumption

Refers to the use of goods and services by households or individuals for personal needs or for leisure, as opposed to investment or savings.

Billion

A numerical value represented by 1,000 million or 10^9.