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How Do Economic Classes Teach Their Members Different Ways of Living

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How do economic classes teach their members different ways of living?


Definitions:

Private Enterprises

Businesses which are owned by private individuals or groups, not by the state or public sectors.

Accounting Standards

are authoritative standards for financial reporting and are the primary source of generally accepted accounting principles (GAAP).

GAAP

Generally Accepted Accounting Principles (GAAP) are a set of rules and standards used in the United States for financial reporting.

Implementation

The process of putting a decision or plan into effect; execution of a plan or policy.

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