Examlex
The class-society theory of modernity is based on the ideas of which of the following sociologists?
Circular-Flow Diagram
A model that illustrates the movement of goods, services, and money between households and businesses in an economy.
Factor Market
A marketplace where services of the factors of production (labor, land, capital) are bought and sold.
Product Market
The marketplace where final goods or services are offered to consumers, businesses, and the government.
Positive
In economics, referring to factual statements or analyses about how the world is, as opposed to normative statements which are about how the world ought to be.
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