According to Simon Kuznets, in Which Type of Society Is

question 55

Multiple Choice

According to Simon Kuznets, in which type of society is the extent social stratification greatest?

• A) hunting and gathering
• B) horticultural/pastoral
• C) agrarian
• D) industrial

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Definitions:

Public Goods

Public goods refer to commodities or services that are made available to all members of a society, typically funded by the government, and characterized by non-excludability and non-rivalry in consumption.

Externalities

Consequences of an economic activity experienced by unrelated third parties; can be positive or negative.

Market Failure

A situation where the allocation of goods and services by a free market is not efficient, often justifying government intervention.

Pollution

The contamination of the natural environment by harmful substances, leading to adverse health effects and environmental damage.