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State the Davis-Moore Thesis

question 86

Essay

State the Davis-Moore thesis.According to this theory, why is social inequality useful for society? Provide two criticisms of this theory.


Definitions:

Generating Sales

The process of creating revenue for a company through selling goods or services.

Fixed Assets

Durable, physical assets utilized in running a business, which are not foreseen to be cashed in or used up in the near term.

Research And Development

Actions associated with the development, launch, and enhancement of products and processes.

Operating Expenses

Costs associated with running a business's core operations on a daily basis, excluding the cost of goods sold.

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