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What Role Did the Middle Classes Play in the Process

question 88

Essay

What role did the middle classes play in the process of industrialization? How did the rise of industrialization influence the nature of social classes?


Definitions:

Book Values

The value of an asset as it appears on a balance sheet, calculated as cost minus accumulated depreciation.

Market Value

The present cost at which a service or asset is available for purchase or sale.

Book Value

The net value of a company's assets as recorded on the balance sheet, calculated by subtracting liabilities from the total value of assets.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.

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