Supply and Demand Are Dictated by What Is Called the ________

question 49

Short Answer

Supply and demand are dictated by what is called the ________.

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Definitions:

Social Inequality

Social inequality is the existence of unequal opportunities and rewards for different social positions or statuses within a group or society.

Karl Marx

A philosopher, economist, and sociologist whose works on the struggles between classes, notably in "The Communist Manifesto," have profoundly influenced socialist theory.

Academic Achievement

The extent to which a student, teacher, or institution has achieved their short or long-term educational goals, often measured through grades, test scores, and other academic indicators.

Parental Income

The combined incomes of an individual's or child's mother and father, considered an important factor affecting opportunities and socioeconomic status.