According to Max Weber,the Growth of This Part of the Economy

question 32

Multiple Choice

According to Max Weber,the growth of this part of the economy stabilized society because people who work in it enjoy higher status and income than manual workers.

• A)manufacturing sector
• B)service sector
• C)secondary sector
• D)primary sector
• E)factory owners

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Definitions:

Production and Pricing

The process of determining the cost and price for goods or services created by a business.

External Benefits

Advantages or positive effects that extend to parties not directly involved in a transaction or activity.

Competitive Market

A market scenario where there are many buyers and sellers, and no single entity has the power to significantly influence the prices of goods and services.

Resource Allocation

The process of distributing available resources among various competing needs or uses in an effort to achieve maximum efficiency or to accomplish specific objectives.