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(Appendix) Business transactions can be classified as
Capitalist Society
An economic system where trade, industry, and the means of production are largely or entirely controlled by private owners with the goal of making profits.
Conflict Approach
A theoretical perspective that interprets social life as a competition between groups for power and resources, emphasizing societal inequalities.
Economic Conflict
Disputes or competitions over resources, wealth, or the control of economic policies and institutions.
Cultural Conflict
A clash of different ways of life, values, or traditions between groups of people.
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Q88: Separate accounts are kept for each type