Sociologists Now Hypothesise That a New Class System Is Emerging

question 1

Multiple Choice

Sociologists now hypothesise that a new class system is emerging in ______ed less on the rural-urban divide and more on urban occupation.

• A)China
• B)Russia
• C)Japan
• D)Norway

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Definitions:

Cost Data

Information regarding the expenses incurred in the production, operation, or undertaking of a project, activity, or product.

Monopolistically Competitive

An arrangement in the economy where countless firms are selling products that look similar but are unique, thus permitting them a slight advantage in the market.

Product Differentiation

The method of differentiating a product or service to appeal more to a specific target market.

Differentiation

The process of distinguishing a product or service from others to make it more attractive to a particular target market.