The Founding Fathers Accepted Inequalities in Wealth and Social Standing

question 19

Short Answer

The Founding Fathers accepted inequalities in wealth and social standing because they believed in _____________________

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Definitions:

Entrepreneurial Ability

The capacity to innovate, introduce new products or services, improve processes or business models, and effectively manage and grow a business under conditions of uncertainty.

Production Technique

Production technique refers to the method or process used in transforming inputs into outputs in the production of goods or services.

Total Profits

The total income of a business after all expenses have been deducted from total revenues.

Production Techniques

Methods and processes used in the transformation of inputs into outputs or goods and services by a firm.