The Global Economy Has Had a Revitalizing Effect on Some

question 121

True/False

The global economy has had a revitalizing effect on some parts of industrial America.

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Definitions:

Inequality

The state of not being equal, especially in terms of status, rights, and opportunities, leading to disparities in income, wealth, and living conditions.

Preconditions

Conditions or requirements that must exist or be met before a certain event can occur or a process can proceed.

Economic Elites

A group of people who possess a disproportionate amount of wealth and economic power in a society.

Middle Classes

A social group between the upper and working classes, characterized by moderate to high income levels, education, and professional occupations.