The Resources That Contribute to the Creation of Wealth Are

question 292

Multiple Choice

The resources that contribute to the creation of wealth are known as ________.

• A) production coefficients
• B) factors of production
• C) production technologies
• D) production aggregates

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Definitions:

Social Inequality

The presence of unequal opportunities and rewards for different social positions or statuses within a group or society.

Functional

Working or operating in a way that fulfills the purpose or task for which something was designed.

Upper Class

A social group at the top of a socioeconomic hierarchy, usually possessing significant wealth, power, and influence.

Capitalist Economy

An economic system in which private individuals rather than the state own and control property and businesses, and the production of goods and services is based on supply and demand in the market.