What Two Components Make Up Social Structure

question 42

Multiple Choice

What two components make up social structure?

• A) social hierarchy and institutional environments
• B) social inequality and structuralism
• C) social institutions and social arrangements
• D) social trends and traditions

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Definitions:

Demand And Supply

Economic model describing the interaction between the desire of consumers to buy goods at certain prices and the quantity of goods that producers are willing to sell at those prices.

Factors Of Production

Four basic inputs for effective operation: land, labor, capital, and entrepreneurship.

Overall Supply

The total amount of a product or service available in a market at any given time.

Economic Growth

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time, often measured as the percentage increase in real gross domestic product (GDP).