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In a short essay, answer the following questions: Is social class or gender more important in shaping the life of an individual born in the United States today? How does each factor matter? Provide reasons for your choice.Consider how social class and gender interact.
Competitive Markets
Markets characterized by a high level of competition where no single buyer or seller can influence prices significantly, leading to efficient distribution of resources.
General Welfare
General welfare refers to the overall health, prosperity, and happiness of a population.
Invisible Hand Principle
Adam Smith's concept that individuals' self-interested actions can lead to positive social and economic outcomes, guided as if by an invisible hand.
Economic Welfare
The overall well-being and standard of living of people in an economy, typically measured by indicators like wealth, health, and happiness, alongside economic factors.
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