What Is a Mode of Production

question 19

Multiple Choice

What is a mode of production?

• A) a postindustrial adaptive strategy, such as commercial agriculture or international mercantilism
• B) the land, labor, technology, and capital of production
• C) the way a society's social relations are organized to produce the labor necessary for generating the society's subsistence and energy needs
• D) whether a society is foraging, horticulturalist, or agriculturalist
• E) the cultural aspect of any given economy, such as changing fashions in the textile and clothing industry

---

Definitions:

Disposable Income

Funds households can allocate for spending and saving purposes after income taxes are subtracted.

Consumption

The use of goods and services by households, representing the end-use of products and services in an economy.

Saving

The act of setting aside a portion of current income for future use, typically in a bank account, investments, or other forms of saving vehicles.

Consumption

The process of using up goods and services to satisfy human wants or needs.