The Dominant System of Inequality Throughout the World Prior to Capitalism

question 47

True/False

The dominant system of inequality throughout the world prior to capitalism was postindustrialization.

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Definitions:

Primarily Liable

Refers to the party who holds the initial or most significant responsibility for fulfilling an obligation or debt.

Lien

A legal right or claim against a property by a creditor, ensuring payment of a debt or fulfillment of an obligation.

Judgment-Proof

Refers to a situation where an individual or entity has little to no attachable assets for creditors to claim in case of a lawsuit judgment against them.

Execution

The process of enforcing a court judgment or the carrying out of a legal document’s instructions.