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Which of the Following Markets Is More Likely to Be

question 96

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Which of the following markets is more likely to be local in nature?


Definitions:

Social Structures

The organized set of social institutions and patterns of institutionalized relationships that together compose society.

Positions

The roles, stances, or locations individuals or groups occupy within social, cultural, or political contexts.

Functional Explanation

An approach that explains social phenomena in terms of the functions they serve for a society or an organism.

Prestige

Social esteem, regard, or respect accorded by members of a society to individuals, jobs, or items based on perceived quality or merit.

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