The ____________ Class Dominates the Professional and Technical Fields and Often

question 56

Multiple Choice

The ____________ class dominates the professional and technical fields and often consists of two-income families.

• A) upper-middle
• B) lower-middle
• C) working
• D) upper
• E) lower-upper

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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.

Deregulation

The process of removing government regulations, oversight, and involvement from an industry.

Subsidization

Financial assistance granted by the government or an organization to support an economic sector, business, or consumer, making the goods or services more affordable.

Capitalist States

Countries where economic systems are based on private ownership and the free market determines allocation of resources.